The government’s intention to extend a value added tax (VAT) exemption on air charter services for four years has been received with jubilation by industry players who believe it would spur growth of intertwined multi-billion-dollar industries of aviation and tourism.
The Bill Supplement (“the Written Laws (Miscellaneous Amendments) Act, 2023”) proposes to reinstate the exemption and postpone its removal until 1st July 2026.
Source: www.thecitizen.co.tz
Latest Posts in "Tanzania"
- Tanzania Postpones Implementation of 16% VAT Rate for B2C Transactions Until Further Notice
- Tanzania Lowers VAT to 16% for B2C Payments, Awaiting Implementation Details
- Tanzania’s Finance Act 2025 Reduces VAT to 16%, Easing Financial Burden and Fuel Costs
- Tanzania Introduces New 16% VAT Rate for Specific Electronic Payments Starting September 2025
- Tanzania Proposes VAT Expansion for Digital Economy in 2025–2026 Budget Speech
