Fiscal Reforms Gained Support for Business Growth
DAR ES SALAAM : BUSINESS leaders and tax experts have welcomed a series of proposed fiscal reforms contained in the 2026/27 national budget, describing them as positive steps toward improving the business environment, encouraging investment and supporting economic growth. The stakeholders made their observations during EY Tanzania Annual Budget Briefing 2026/26, where they examined a range of proposed tax and policy changes announced by the government. While welcoming the ref
Business leaders and tax experts in Tanzania have expressed support for the proposed fiscal reforms in the 2026/27 national budget, seeing them as beneficial for the business environment and economic growth. The reforms were discussed during the EY Tanzania Annual Budget Briefing, where stakeholders analyzed various tax and policy changes. One key proposal is extending the tax holiday period to 12 months for new businesses, allowing them more time to stabilize before tax obligations. The reduction of the tax rate on retained earnings from 30% to 15% was also welcomed, as it could encourage business expansion and job creation. However, stakeholders emphasized the need for continued efforts to address rising living and business costs. They highlighted that while some challenges are beyond government control, there are still opportunities for policy interventions to support the economy.
These reforms aim to create a more supportive environment for businesses, which is crucial for fostering economic growth and investment.
📌 Kaynak
Bu özet Tanzania kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →