Tanzania targets investment growth with new tax deal
Minister for Finance Dr Mwigulu Nchemba (right) and his Czech Republic counterpart, Nicol Adamcova, sign an agreement to avoid double taxation during a ceremony at the Ministry of Finance in Dar es Salaam. PHOTO| DEVOTHA KIHWELO
Dar es Salaam. The government has signed an agreement to avoid double taxation with the Czech Republic in a strategic move to boost foreign direct investment (FDI) and strengthen economic cooperation between the two countries.
Trade between the two nations has grown steadily since 2022, particularly in the services, machinery, electrical equipment, transport, and technology sectors.
