Tanzania’s Finance Bill 2026, presented to Parliament on 24 June 2026 by Finance Minister Ambassador Khamis Mussa Omar, takes effect on 1 July 2026 and amends 26 laws to implement the 2026/27 budget tax measures. The Parliamentary Budget Committee dropped the proposed 1% withholding tax on agricultural produce, the proposed 5% excise on motorcycles and on gambling stakes, softened excise duties on imported used vehicles, cut the SME presumptive tax to 4.0% from 4.5%, confirmed mining Framework Agreement tax incentives during the construction phase, and introduced a new 0.5% stamp duty on agricultural land transfers.
The most significant changes include the complete removal of the proposed 1% withholding tax on agricultural produce purchases, a softening of excise duties on imported used vehicles across all age brackets, the removal of a proposed excise on motorcycles and on gambling stakes, a cut in the SME presumptive tax rate to 4.0% from the 4.5% originally proposed, and the introduction of a legal framework for tax incentives to mining investors holding Framework Agreements with the government.
Read more at: https://www.tanzaniainvest.com/economy/finance-bill-2026-tax-changes
