Tanzania 2026/27 Budget of TZS 62.33 Trillion Targets 6.3% GDP Growth and Investments in Railways, Offers New Businesses One-Year Tax Holiday

Tanzania's 2026/27 budget is set at TZS 62.33 trillion (USD 24 billion), up 10.3% from the previous financial year, targeting 6.3% GDP growth with 74.2% financed from domestic revenue as grants fall 39.1%. Key investor measures include halving the deemed profit-distribution tax from 30% to 15%, a one-year income tax holiday for newly registered businesses, retained VAT deferment on imported capital goods, and VAT exemptions across compressed natural gas, electric vehicle charging equipment, and LPG infrastructure.