Tanzania issues Finance Bill, 2016

16 June 2016

Tanzania's Finance Bill, 2016 was made publically available on June 13. This follows presentation of the 2016/17 budget by the Minister of Finance on June 8. The Finance Act 2016 is expected to be in force as of July 1, after the Finance Bill, 2016 has been passed by the Parliament and is assented by the President.

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

———————————————
ATTACHMENT

Document ID: 2016-1044

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

EY US Tax News Update Master Agreement | EY Privacy Statement