- Tanzanian Ministry of Finance and Planning presented the 2024-2025 budget speech
- Measures include adding aircraft manufacturers to VAT exemption, requiring VAT refunds to be paid within 30 days, implementing zero-rated VAT on gold ore sold to Bank of Tanzania, and more
- Zero-rated VAT on locally produced fertilizers and textile products for one year
- Repealing VAT exemption on precious metals sold at domestic gold refineries
- Extending VAT exemption on domestically produced edible oils using locally produced seeds for one year
Source: news.bloombergtax.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.
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