Plans are underway for Tanzania to extend a value added tax (VAT) exemption on “Air Charter Services” for four years in a bid to spur growth of intertwined multi-billion-dollar industries of aviation and tourism.
The two industries that earn Tanzania economy nearly $2.6 billion in foreign currency annually – under the umbrella of travel – are intrinsically linked, as tourism relies on aviation to bring in visitors, and aviation banks on tourism to generate demand and fill seats.
Source: eturbonews.com
Latest Posts in "Tanzania"
- 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
- 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
