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Tax incentives for digital payments in offing

Published 1 month ago1 minute read

Dar es Salaam, March 7 -- DAR ES SALAA: THE government plans to incentivise digital payment usage with potential fiscal measures such as tax benefits as part of a broader strategy to expedite the transition to cash-lite economy, Finance Minister, Mwigulu Nchemba has said.

He told reporters at the 9th Gilman Rutihinda Mem o – rial Lecture in Dar es Salaam yesterday that the government was committed to fostering a conducive environment for digital financial services and fintech development, aligning with President Samia Suluhu Hassans directives.

“We are considering various incentives, some of which may be related to taxes,” he told reporters at the lecture organised by the Bank of Tanzania (BoT) to honour the contributi...

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