The Tanzanian government has made several key revisions to the Finance Bill, 2026, in response to recommendations from the Parliamentary Standing Committee on Budget. These changes aim to reduce the tax burden on specific sectors and enhance the investment and business environment. Finance Minister Ambassador Khamis Mussa Omar presented the updated bill in the National Assembly.

Tanzania's Finance Bill 2026, introduced by Finance Minister Ambassador Khamis Mussa Omar on 24 June 2026, will take effect on 1 July 2026 and amends 26 laws to implement the 2026/27 budget tax measures. Key changes include the removal of a proposed 1% withholding tax on agricultural produce, a reduction in SME presumptive tax to 4%, and softened excise duties on imported used vehicles, among other adjustments.

Manyatta MP John Gitonga Mukunji has proposed amendments to the National Assembly’s Standing Orders to require a two-thirds quorum for passing future Finance Bills. This suggestion follows public criticism regarding the low participation of 187 MPs during a crucial vote on June 18. Mukunji emphasized the importance of the Finance Bill, citing its significant impact on citizens and the country's political and economic direction, referencing the experience of 2024.

The Ugandan Minister of Finance presented the Budget Speech for FY 2026/27, which includes tax amendments impacting the energy and minerals sector. This annual event typically elicits varied reactions from the public, reflecting differing opinions on the proposed financial changes. The implications of these amendments for the sector are yet to be fully assessed.

Uganda's National Budget for the Financial Year 2026/27 was recently presented, highlighting the government's commitment to enhancing the lives of its citizens. According to the Minister of Finance, this budget is not just a financial document but a declaration of intent to protect previous gains and expand opportunities for all Ugandans.

Kenyan taxpayers will soon have the legal right to review and amend tax returns that have been pre-filled by the Kenya Revenue Authority (KRA), as per amendments in the Finance Bill 2026. The changes, specifically in Clause 48, modify Section 75 of the Tax Procedures Act, requiring the Commissioner to notify taxpayers regarding their returns before they are finalized.