Foreign tax credit
See Foreign income in the Income determination section for a description of the foreign tax credit regime.
Agriculture, manufacturing, mining, and tourism incentives
Tax incentives by way of generous capital deduction provisions are given for specific sectors, namely agriculture, manufacturing, mining, petroleum, and tourism. See the Deductions section for more information.
Export processing zones (EPZs) and special economic zones (SEZs)
There are special benefits for EPZs and SEZs. Included in the benefits available to a person licensed to carry on business in an EPZ, as well as to SEZ investors selling in export markets, are a ten-year income tax holiday and WHT holiday, subject to a requirement to export at least 80% of production.
Assemblers of vehicles, tractors, and fishing boats
There is a tax incentive by way of a reduced CIT rate for new assemblers of vehicles, tractors, and fishing boats from 30% to 10% for the first five years from commencement of operations.
New manufacturers of pharmaceutical or leather products
There is a tax incentive by way of a reduced CIT rate for new manufacturers of pharmaceutical or leather products who have a performance agreement with the Tanzanian government from 30% to 20% for the first five years from commencement of operations.
New manufactures of sanitary pads
There is an incentive by way of a reduced CIT rate to 25% (from 30%) for the two years from 2019/20 to 2020/21.
Newly listed companies
Companies that are newly listed on the DSE get an incentive of a reduced CIT rate for the first three years from 30% to 25%, provided at least 30% of shares are publicly listed.