Tanzania scraps tax exemptions to increase revenue collection
A cement plant under construction in Tanga, Tanzania. Budget allocations will allow cement manufacturers to compete fairly. Photo/FILE
Economists have hailed Tanzania’s move to reduce tax exemptions in its 2014 Budget, but said the test will be in its implementation.
Some believe that the move by Finance Minister Saada Mkuya to reduce tax exemptions will frustrate investors in the country since the government has used the measures for years to attract investment.
