Digital Payments Taxation Factsheet: Tanzania

Digital financial services in Tanzania have increased the efficiency of service delivery and lowered the cost of financial transactions, thereby increasing the financial inclusion of the poor.

In 2015, the National Payment Systems Act was introduced. The legislation delegated the Bank of Tanzania as the overseer of mobile money activities and mandated non-discriminatory pricing for peer-to-peer (P2P) transactions.

Revenue from taxes can help fund social services, especially revenue for rural development and improvement of infrastructures in the education sector.

Download our factsheet to learn more.