Tanzania's new president plans income tax cut, other economic changes
- 3 years ago
Tanzania's new President Samia Suluhu Hassan said on Saturday the government would reduce the income tax rate by 1 percentage point to 8%, in the 2021/22 financial year beginning in July, and also planned to remove "unfriendly taxes and charges to Tanzanians".
Hassan, who took office in March following the death of President John Magufuli, said in a Labour Day speech in the northern Mwanza region that the COVID-19 pandemic had hurt global economic growth, and that Tanzania's economy had not been spared.
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