In June 2024, Tanzania's National Assembly passed the Finance Act for 2024/2025, bringing significant tax reforms to boost agriculture. A seminar, supported by the Embassy of the Kingdom of the Netherlands, was held on June 26, 2024, in Arusha, led by PwC and regulatory bodies. Participants from seed and horticulture sectors discussed tax reform impacts, regulatory updates, data protection, and safety regulations. Action points included collaborations on OSHA fees and compliance, and plans for further industry awareness initiatives.
The National Budget Analysis and Regulatory Seminar was organized to aid the transition and was organized by the Tanzania Horticulture and Potato Seed Platform, along with the Tanzania Horticultural Association (TAHA) and the Tanzania Seed Trade Association (TASTA), with support from the Embassy of the Kingdom of the Netherlands.
The seminar featured two main sessions: one led by PricewaterhouseCoopers (PwC) on the National Budget and tax reforms, and a panel discussion with representatives from key regulatory bodies, including TBS, FRF, TPHPA, TAEC, and OSHA. A total of 63 participants, primarily Dutch companies in the seed and horticulture sectors, attended, underscoring the importance of collaboration in navigating the regulatory landscape.
Session one:
Tanzania National Budget 2024/2025 and Tax Reform Insights
The National Budget Analysis and Regulatory Seminar included an insightful session led by PricewaterhouseCoopers (PwC) experts Joseph Lyimo, Pamella Salehe, and Neema Henry Nyandoa, focusing on tax reforms and legislative changes affecting Tanzania's agricultural sectors.
The session began with an Economic Overview and Revenue Performance, providing context on the financial landscape. It then covered significant tax reforms and legislative updates relevant to stakeholders in the seed, potato, and horticulture value chains, highlighting their operational and compliance impacts. A practical segment on Tax Practical Perspectives and the Recovery of Input Tax offered actionable strategies for navigating the new tax landscape.The session concluded with a presentation on Data Protection & Privacy, emphasizing the compliance requirements of the Personal Data Protection Act to ensure stakeholders are equipped to safeguard personal data.
Session two:
Amendments in the Regulatory Frameworks governing the horticulture sector
This session brought together representatives from regulatory bodies including TBS, FRF, TPHPA, TAEC and OSHA presenting amendments and compliance procedures related to agriculture.
The representatives provided key updates included OSHA's new safety regulations, fire safety requirements, quality control measures, plant health and pesticide regulations, and radiation safety standards. An interactive session allowed the plenary to ask questions to the panelists, providing clarification and guidance on various regulatory issues impacting the horticulture sector.
For more information:
Ministerie van Landbouw, Visserij, Voedselzekerheid en Natuur
Bezuidenhoutseweg 73
2594 AC Den Haag
Tel: +31 (0)70 379 8911
Email: [email protected]
Website: www.agroberichtenbuitenland.n