Tanzania: Proposed Law Will Tighten Probe On Top State Firms in Tanzania

Three of Tanzania's profitable public companies will be subject to tighter government controls over their spending habits under a proposed fiscal law.

The Finance Bill of 2021 was subjected to public hearing on June 18 and 19 before being formally tabled in Parliament for discussion and passed on June 22. It is expected to be approved and be operational on July 1 as the Finance Act of 2021.

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