In the recent Budget Speech held by the Minister of Finance, a few tax changes were proposed. To refer to a previous post on Sage City regarding these proposed changes, please click here
Click here to view The Finance Act 2020, confirming the tax changes for Tanzania.
The following changes will affect your payroll effective from 1 July 2020:
- Amended tax tables
- The Training Levy Rate (SDL) decreased
1. AMENDMENT OF THE INCOME TAX ACT, (CAP. 332)
The below tax tables, which is effective 01 July 2020, have been released:
Please refer to “What’s new” on your subscription Landing page for more details.
2. AMENDMENT OF THE VOCATIONAL EDUCATION AND TRAINING ACT, (CAP. 82)
The Training Levy Rate (SDL) decreased from 4.5% to 4%, effective 1 July 2020.
To make the necessary adjustments to the methods of calculation in your system, please click here for a step by step guide.