Information about Tanzania Minimum wage and taxes.

Minimum wage refers to the lowest salary of an employee. The minimum wage in Tanzania is set at 22,000 Tanzanian shillings (TSH) per day as of 2021. This wage is determined to ensure the lowest standard of living of workers. The tax system in Tanzania is based on the Income Tax Act. According to this law, up to a certain amount of income is exempt from tax. As of 2021, annual income up to TSH 170,000 is exempt from tax. Income above this amount is taxed according to various brackets. Income tax brackets in Tanzania are as follows: - 170,001 TSH - 360,000 TSH: 9% - 360,001 TSH - 720,000 TSH: 20% - 720,001 TSH and above: 30% Additionally, the Social Security Act also applies to some private sector employees in Tanzania. Under this law, employees have pension, health insurance and other social security rights by deducting a certain percentage from their salaries. Tax rates and minimum wages in Tanzania may vary depending on policies and economic conditions set by the government. Therefore, it is important to verify up-to-date information from local authorities or official sources.

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