Tanzania’s Minister for Finance and Planning issued Regulations on the Value Added Tax (VAT) (Exemption Management Procedures) by Government Notice No. 715 which was published on 8 October 2021. The stated procedures under the Regulations apply to VAT exemptions granted under Section 6(2) of the VAT Act, 2014.
The said section of the law provides the Commissioner General (CG) of the Tanzania Revenue Authority (TRA) the power to grant VAT exemptions on importation by or a supply of goods or services to various taxable persons including a Non-Governmental Organization (NGO) or to an entity executing a strategic project under an agreement with the Government which provides for VAT exemption on goods and services.
The stated regulations have revoked the Value Added Tax (Exemption Monitoring Procedures) Regulations, 2018.
Source EY
