#Finance Bill

Suba North MP Millie Odhiambo recounted the chaotic events of June 25, 2024, when Gen Z protesters breached security and stormed Parliament during anti-tax demonstrations. In a podcast interview, she noted that opposition MPs faced a numerical disadvantage against government-allied lawmakers, with 195 voting in favor of proposed amendments to the Finance Bill and 106 against. Odhiambo expressed that many key moments from that day remain unreported.

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.

Members of Parliament in Dar es Salaam expressed strong support for the amendments to the Finance Bill, 2026, viewing them as a significant relief for citizens. The government incorporated recommendations from the Parliamentary Standing Committee on Budget, which was praised by lawmakers during the National Assembly debate.

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.