- Tanzania Revenue Authority issued a public notice on VAT rate reduction
- Standard VAT rate reduced from 18 percent to 16 percent
- Applies to B2C purchases through banks or approved electronic payment systems
- Change under Finance Act 2025 effective from July 1
- Effective application depends on a future public notice by the Commissioner General
- Notice will specify eligible persons and implementation details
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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