DAR ES SALAAM — 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 construction phase, and introduced a new 0.5% stamp duty on agricultural land transfers.
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