Africa-Press – Tanzania. 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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