Budget Summary 2014 - 2015

This year's Budget speech by Honourable Saada Mkuya Salum came against a challenging backdrop of revenue collections for the current year. In particular, although collections for the nine months to March were 20% up on the preceding year, they were still approximately 10% behind the ambitious budget that had been set.

Last year's budget had included a number of controversial new taxes – including the 0.15% excise duty on money transfer, the significant increase in taxes on telecommunications, and the 5% resident withholding tax on services.