In this alert:
Tax Alert - Zanzibar Finance Act 2024
In June 2024, the Zanzibar Minister for Finance and Planning (“the Minister”) presented the budget for the financial year 2024/25. Among others, the Minister proposed changes to some tax laws which were passed by the House of Representatives of Zanzibar, and later assented to by the President of Zanzibar on 27 June 2024 through the Finance (Public Revenue Management) Act 2024 (“the Act”). This newsletter summarises tax changes introduced by the Act which are effective from 1 July 2024.
