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10 June 2016

Tanzania issues 2016-2017 budget

Tanzania's Minister of Finance presented the 2016/17 budget on June 8. The Finance Bill 2016 has not been made public yet. According to the budget, the Government revenue estimates for 2016/17 are TZS29.53 trillion, of which TZS18.46 trillion are internally sourced (tax and non-tax revenue) representing 62.3% of the GDP. The projected internal revenue TZS15.11 trillion will be generated from various taxes; TZS2.69 trillion non-tax revenue and TZS665.4 billion will be generated from Local Government Authority's own resources.

A Tax Alert prepared by Ernst & Young Tanzania, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1001

Document ID: 2016-1001

 

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