- Tanzanian Official Gazette published 2024 Finance Act on June 30
- Measures include exempting or zero percent VAT on specific manufacturing inputs
- Zero-rating VAT on specific goods from July 1, 2024, to June 30, 2025
- Specified tax rates per vehicle for resident individuals for transport
- Withholding tax rates of 5% on payments to digital content creators, 3% on industrial minerals purchases, and 3% on income from digital assets
- Aircraft manufacturers and assemblers added to VAT exemption for domestic aircraft maintenance and supply
- Law effective from July 1
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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