CRS News Flash 14 July 2021 – BOTSWANA and TANZANIA – Tax Changes

Tanzania tax rates
During the Budget Speech delivered on 10 June, the Minister proposed to reduce PAYE (pay as you earn) rates for the lowest band from 9% to 8%.

The Finance Act 2021, published on 30 June 2021, gives effect to the new rates.

The new annual rates are as follows:

Tanzania SDL
The Minister has increased the minimum threshold number of employees for purpose of Skills and Development Levy (SDL) from the current four employees to ten employees.

To view the Finance Act, 2021, follow the link.