- Tanzanian Ministry of Finance and Planning presented the 2024-2025 budget speech
- VAT exemptions and requirements include aircraft manufacturers, electronic receipts, and refunds within 30 days
- Zero-rated VAT on gold ore sold to Bank of Tanzania, locally produced fertilizers, and textile products made from Tanzanian-grown cotton
- Repeal of VAT exemption on precious metals sold at domestic gold refineries
- Extension of VAT exemption on domestically produced edible oils using locally grown seeds
- Elimination of alternative minimum tax for tea processing companies with three consecutive years of losses
Source: globalvatcompliance.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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