On 28 June 2022, the Tanzanian Parliament passed the Finance Bill, 2022 (the Bill). On 30 June, the Bill was assented to by the President to become the Finance Act, 2022. All changes introduced by the Act are effective 1 July 2022, unless noted differently.
- Discretionary powers to grant VAT exemption
- VAT deferment on capital goods
- VAT registration by nonresidents
- VAT on financial products
- VAT exemptions
Source EY
Latest Posts in "Tanzania"
- Navigating VAT Challenges: Insights from Jacks (Tanzania) Limited v. Tanzania Revenue Authority Case
- Strict VAT Compliance Deadlines: Lessons from Illovo Case on Input VAT Claims
- Tanzania Reduces Standard VAT Rate to 16% for B2C Purchases via Banks and E-Payments
- Tanzania Postpones Implementation of 16% VAT Rate for B2C Transactions Until Further Notice
- Tanzania Introduces 16% VAT on B2C Online Payments via Approved Platforms