- President Mwinyi of Zanzibar removes VAT on sugar imports during Ramadan to control price hikes on essential goods
- Government aims to ease financial burden on citizens during Ramadan and ensure economic stability
- President expresses frustration over unjustifiable price hikes on various goods in local markets
- Emphasis on improving market infrastructure and cleanliness to enhance business environment
- Warning issued to traders against exploiting VAT removal to sell sugar at high prices
- Government’s commitment to protecting consumers, maintaining price stability, and improving market conditions for sellers and buyers
Source: bnnbreaking.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Tanzania"
- 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
- Tanzania’s 2025 Finance Act: New VAT Rates and Withholding Rules Implemented
- Tanzania Reduces VAT on E-Payments to 16% to Boost Digital Transactions
- Global VAT Highlights: Key Tax Developments in July 2025