Tanzania unveils measures to protect local industries, safeguard jobs
DODOMA: THE Tanzanian government has announced plans to implement firm measures aimed at protecting the domestic economy by increasing taxes on imported goods that have sufficient locally produced alternatives.
The move is intended to safeguard local industries, boost employment for Tanzanians, and control inflation caused by overreliance on foreign goods.
Presenting the Finance Bill for the 2025/2026 fiscal year in Parliament today, Minister for Finance, Dr. Mwigulu Nchemba, stated that some foreign goods are being imported in large volumes, undermining the competitiveness of products made by local industries.
“The Bill proposes a 10 percent excise duty on imported soaps. This measure is aimed at protecting local manufacturers and creating more jobs,” said Dr. Nchemba.
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Additionally, the Bill proposes amendments to the Trademarks Act, Chapter 85, through Clauses 74 to 76, to improve the recordkeeping of trademarks for imported goods. These amendments are aimed at curbing the entry of counterfeit products into the country.
The Finance Minister clarified that the tax increases will be based on the country’s production capacity and market conditions, stressing that the move is not intended to burden citizens but rather to strengthen the local value chain.
According to the Bill, the targeted goods include processed foods, beverages, construction materials, and various industrial products that Tanzania is already capable of producing at acceptable quality standards.
The government also plans to use the revenue generated from these tax increases to improve local production infrastructure, particularly in the areas of industrial development, energy, and transportation, a move expected to enhance productivity and support the country’s industrial economy.
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