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
