Tanzania Budget Speech for 2022/23 Delivered Including a New Digital Services Tax

Tanzania’s Minister of Finance delivered the Budget Speech for 2022/23 to parliament on 14 June 2022. The main income tax measures include:

• The introduction of a Digital Service Tax at the rate of 2% on the turnover of non-resident digital service providers;
• …

The budget also includes various VAT measures, including:

• The amendment of the Value Added Tax Act to accommodate the taxation of the Digital Services, with the Tanzania Revenue Authority to establish a simplified registration process to accommodate digital economy operators that have no presence in Tanzania (i.e., non-residents);
• Measures to grant the Minister of Finance the power to provide VAT exemptions for strategic investors after approval by the National Investment Steering Committee (NISC);
• …..

Source Orbitax

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