Government Eliminates VAT on Fertilizer, Gold for Refineries, and Locally Produced Edible Oil Seeds

The Tanzanian Government proposes tax reforms, including zero-rating VAT on locally manufactured fertilizer for one year.

This includes zero-rating VAT on textile products made from locally grown cotton, zero-rating VAT on gold supplied to domestic refineries to promote growth, subsidies for agricultural inputs like fertilizers, farming equipment, pesticides, and quality seeds and a VAT exemption on double refined edible oil from locally grown seeds to counter global price increases.

Source: ippmedia.com

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