Tanzania | Budget Speech 2025/2026 – Key Proposed Changes
On 12 June
2025, Tanzania’s Finance Minister, Dr Mwigulu Nchemba, presented the Budget
Speech for the 2025/26 tax year. This budget marks the final year of Tanzania’s
Third Five-Year Development Plan and supports the country’s long-term Vision
2025.
No Changes
to Payroll
There are no
proposed changes to payroll regulations for the 2025/26 tax year. All current
payroll rules will remain in place.
Proposed Tax
and Policy Changes
The budget
includes several tax and policy updates aimed at increasing government revenue
and supporting local industries. Key proposals include:
Tax
Administration Act
- The 15-day deadline to apply for a
tax deposit waiver (when challenging a tax assessment) will be removed.
This change gives taxpayers more time to submit waiver requests.
- Biometric ID systems will be linked
with health, education, tax, and social welfare services to improve data
accuracy and make public services more efficient.
Other
Notable Measures
- Foreign visitors (except citizens
of EAC and SADC countries) will be required to buy travel insurance
costing USD 44 for visits of up to 92 days.
- An amendment to the Business
Licensing Act will allow the Trade Minister to restrict non-citizens from
carrying out certain business activities to protect local sectors and
support Tanzanian entrepreneurs.
Next Steps
Following
Parliament’s review of the budget proposals, final approval is expected by the
end of June 2025. The Finance Act will come into effect on 1 July 2025. Further
details will be provided once the Finance Act is published.
The
Budget Speech can be viewed on the Tanzania Ministry
of Finance website.
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