The Tanzania Finance Bill 2022 has been approved by Parliament and it is subject to the President’s assent in order to become a law.
Take note: The changes listed below are the proposed changes and they may be subject to change, The amended Finance Act is not yet available.
The proposed changes will be effective from 1 July 2022, unless indicated otherwise in the final Act.
Summary of the proposed changes in the Bill which may affect payroll.
Vocational Education and Training Act, CAP 82
- The Skills Development Levy(SDL) rate remains unchanged.
- Payments made to intern students from universities who are under the Tanzania Employment Service Agency Program are proposed to be exempt from the SDL.
Income Tax - PAYE
- No proposed tax changes. The tax tables remain unchanged.
The Workers Compensation Fund (“WCF”)
- No proposed changes. The WCF rate remains unchanged.