The Finance Act, 2018

This section says the Act may be cited as the Finance Act, 2018.

This Act starts on 1 July 2018.

This Part is to be read together with the Bank of Tanzania Act, which is called the principal Act.

Section 34 is amended to allow direct advances to the Government for offsetting fluctuations involving voted funds, unspent funds, and Government payments.

Section 35 of the principal Act is amended by replacing “budgeted revenues” with “voted and unspent funds” in subsections (1) and (2).

This section says this Part must be read together with the Business Licensing Act.

This section changes the definition of “business licence” to mean a licence issued under the Act, in paper or electronic form.

This provision amends section 9 of the principal Act, including changing wording to “Business Registration and Licensing Agency.”

This provision amends the principal Act by inserting a new section after section 14 titled “Business licence register.”

Every licensing authority must keep a business licence register at its principal office, send business licensing information to the Minister at prescribed intervals, and allow public access to the register on payment of prescribed fees.

This section amends section 22 so the Chief Executive Officer may compound certain offences by accepting a payment from the offender, subject to a minimum and maximum amount.

Section 29 is amended to add a paragraph about prescribing business licence application forms in paper or electronic form, and to renumber the next paragraph.

This section changes the penalty in section 30 of the principal Act to one hundred thousand shillings or imprisonment for two months to one year, or both.

This section changes a Schedule heading, replacing “A: Fees by Central Government (MIT)” with “A: Fees by Business Registration and Licensing Agency.”

This section amends the Fourth Schedule by adding new excise rates for excisable items.

This section amends the principal Act by deleting the Second Schedule and replacing it with a new schedule about Gaming Tax.

This section amends the Second Schedule by deleting two items and adding a new item for interest paid by the Government to certain non-resident entities in connection with loans for Government projects.

The members must elect a vice chairman of the Board from among their own number.

This section amends the principal Act by adding a new sub-item after sub-item 33 in item 3 of Part I of the Schedule.

Section 35 concerns oil-cake and other solid residues of cotton seeds.

Section title: oil-cake and other solid residues of sunflower seeds.

This section lists lysine together with several product codes and a reference to the Finance Act 2018.

This section is titled “Cotton cake” and includes text deleting item 7 and substituting it with “Medicine or pharmaceutical products.”

This provision covers essential human and veterinary medicine, drugs, medical equipment, and certain packaging material approved by the Minister responsible for health.

This provision amends listed items by adding sanitary pads, replacing the petrol description in item 15, and adding new items after item 22.

This section is headed “Electronic” and mentions HS Code 8470.50.00, stamps, and cash register code.

This section says this Part must be read together with the Cashewnut Industry Act.

This section amends section 17A so that the total export levy collected under subsection (1) must be deposited into the Consolidated Fund, and it deletes subsection (3).

This section says this Part must be read together with the Excise (Management and Tariff) Act.

This item lists excise rates per litre for fruit juices and vegetable juices that are unfermented and contain no added spirit.

This provision lists tariff codes for locally produced fruit juices and imported fruit juices.

This provision lists tariff categories for waters and other non-alcoholic beverages.

This provision lists tariff classification entries for beer made from malt, including stout and porter, and distinguishes locally produced and imported goods.

This section lists import tariff rates per litre for several wine and fermented beverage headings, with different amounts depending on packaging size and whether domestic grapes content exceeds 75%.

This text lists tariff-classified alcoholic products, including opaque beer and other specified beverages.

This provision lists per-litre tax amounts for certain alcohol and spirit tariff items, including vodka, liqueurs and cordials, and other distilled spirits.

This provision lists tobacco products and related tax amounts or rates, including duties per mil or per kilogram.

This section says this Part must be read together with the Gaming Act, which is called the principal Act.

This section amends section 31(2) by changing two listed percentages: paragraph (a) to 18% and paragraph (b) to 25%.

Gaming winnings are taxed at 20%, but land-based casinos are taxed at 12%.

The text lists gaming categories and amounts/rates, including percentages of gross gaming revenue and Tshs. 100,000 per machine per month, but the exact rule relationships are not clear from the excerpt alone.

This Part must be read together with the Income Tax Act, which is called the principal Act.

This provision changes a reference in the definition of “approved retirement fund” from section 131 to section 11 of the Tax Administration Act.

This section amends the principal Act by repealing section 10A.

The principal Act changes section 65B(2) by replacing the reference to paragraph 3(5) with a reference to paragraph 1(5).

This section amends section 65K(2) of the principal Act by replacing a reference to paragraph 3(6) with a reference to paragraph 1(6).

This provision amends the principal Act by adding a new section after section 128 titled “Regulations.”

The Minister may make regulations to better carry into effect the Act’s principles, purposes, and provisions.

This section changes tax rates in the principal Act, including raising one rate to 30 percent and setting a reduced 20 percent corporate rate for certain newly established pharmaceutical or leather-product entities for five years.

This Part must be read together with the Land Act, which is called the principal Act.

This section amends the principal Act by adding a new section titled “Exemption from land rent on Government”.

Rent for a right of occupancy is not payable when the land is used exclusively for specified government, public, or non-profit purposes.

This section says this Part must be read together with the Local Government Finance Act, which is called the principal Act.

The Act amends section 6(m) to add fees for commercial advertisement on billboards, posters, or hoardings after the word “taxes.”

This section amends section 7(1) by replacing paragraph (r) with new wording about fee billboards, posters, and hoarding for commercial advertisement.

This section amends the principal Act by inserting a new section after section 37 about facilitating loans to women, youth, and persons with disabilities.

Local government authorities must set aside 10% of their own-source revenue for loans to registered groups of women, youth, and persons with disabilities, and those loans must be interest-free.

Every local government authority must, after consulting the Accountant General, open and maintain a bank account and any additional accounts needed under the Act.

This section says this Part must be read together with the Mining Act.

Section 90A does not apply to salt producers.

This provision repeals the Planning Commission Act.

After the Planning Commission Act is repealed, the Planning Commission’s assets and obligations vest in the Ministry responsible for finance and planning.

Certain Planning Commission staff must be transferred to public offices on no less favourable terms, and staff not transferred must receive terminal benefits. Those transferred or deemed transferred continue in a pension or superannuation scheme.

Pre-existing deeds, bonds, agreements, instruments, and working arrangements transferred to the Ministry or certain government bodies remain valid and enforceable.

This section says this Part is to be read together with the Port the Service Charge Act, which is referred to as the principal Act.

This section amends section 5 of the principal Act by deleting subsection (2) and renumbering subsection (3) as subsection (2).

This section says this Part must be read together with the Public Finance Act.

This section adds definitions for “Treasury Single Account” and “Sub-Treasury Single Account” to section 3 of the principal Act.

The principal Act is amended to add new sections after section 11 titled “Treasury Single Account”.

A Treasury Single Account (TSA) must be opened and kept at the Bank of Tanzania, and the Accountant General must open, operate, and manage it.

The Treasury Single Account receives money from the Consolidated Fund, can remit money to Sub-TSA, and can receive unspent or unapplied money from Sub-TSA.

The Minister may make regulations to implement sections 11A and 11B and to set TSA-related procedures and limits.

The Treasury Single Account must come into effect within six months after this Act starts operating.

This amendment adds a proviso to section 12: subsection (1) does not apply to certain amounts allocated to the fund.

This section says this Part must be read together with the Road and Fuel Tolls Act, which is called the principal Act.

The Act is amended to replace the words “other agencies” with “agency” wherever they appear.

This section changes the definitions of “road agency” and “TANROADS” in section 3.

At least 90% of the money in the Fund must be used for maintenance and emergency repair of classified roads and related administrative costs in Mainland Tanzania.

This amendment changes section 5 and requires toll collectors of the Fund to submit monthly reports to the Board when carrying out their duty to ensure collection.

This provision amends section 6 of the principal Act by deleting the words “not more than two” from subsection (1).

This amendment adds new toll-related prohibited acts, including driving through a toll station without paying, discharging imported fuel without paying, failing to remit collected tolls, and using exempted fuel for غير intended purposes.

The principal Act is amended by inserting a new section after section 14 titled “Misuse of Fund”.

A person who misuses money deposited in the Fund may be fined an amount equal to the money misused, imprisoned for at least five years, or both, if convicted.

This Part is to be read together with the Tanzania Revenue Authority Act, called the principal Act.

This provision amends section 20 of the principal Act by replacing references to “other commissioners” with “directors”.

Section 33 of the principal Act is changed: subsection (2) is deleted, and the contents of subsection (1) are redesignated as section 33.

This provision amends the principal Act by repealing section 35.

This section says this Part must be read together with the Tax Administration Act, which is called the principal Act.

Information provided for a Taxpayer Identification Number application must not be used as the basis for assessing tax.

This provision changes the wording in section 65(1) by replacing one time period phrase with another.

The Minister may set the eligibility, duration, and procedure for accessing a remission under section 70, through regulations or an order published in the Gazette.

This section says this Part must be read together with the Value Added Tax Act, which it calls the principal Act.

This provision amends section 6(2)(a) of the principal Act by replacing subparagraph (ii) with a new text about Cap.134 and certain concessional, non-concessional, or grant arrangements.

This section amends section 85 of the principal Act by deleting the words “non-profit organisation” from the marginal note and subsection (1)(a).