Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s business community has responded with cautious optimism to the government’s revision of a contentious proposal to introduce a 10 percent withholding tax on retained earnings.
While extending the implementation threshold from six to twelve months has eased immediate concerns, some analysts and stakeholders argue the tax should be scrapped entirely to foster genuine investment and economic growth.
