Tanzania: Tax holidays costing economy hundreds of millions of dollars

The government’s generous tax exemption regime could be robbing the region’s second biggest economy of millions of dollars, a new survey has revealed. The findings by Hivos/Twaweza East Africa corroborate recent comments by several donor partners on Tanzania’s unwarranted tax exemptions. The report says that while the Tanzanian parliament carefully scrutinizes the government’s budget, tax exemptions, on the other hand, do not receive the same attention, thus making them hidden expenditures.