- Budget 2024 presented to National Assembly by Minister for Finance
- Significant proposed tax amendments include:
- Imposing VAT zero rate on gold supplied to Central Bank of Tanzania
- Exempting from VAT certain supplies and imports for official use by Tanzania People’s Defence Force
- Administration changes include requiring VAT refunds to be paid within 30 days from submission date
Source: ensafrica.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 Finance Act 2025: VAT, Income Tax, and Excise Duty Amendments
- Navigating VAT Challenges: Insights from Jacks (Tanzania) Limited v. Tanzania Revenue Authority Case
- Strict VAT Compliance Deadlines: Lessons from Illovo Case on Input VAT Claims
- Tanzania Reduces Standard VAT Rate to 16% for B2C Purchases via Banks and E-Payments
- Tanzania Postpones Implementation of 16% VAT Rate for B2C Transactions Until Further Notice
