Tanzania enacted the Finance Act 2025 on June 30, 2025, with new tax measures effective the next day, July 1, 2025. The Act introduced amendments across income tax, VAT, tax administration, and excise duty. Key VAT changes include introducing exemptions for reinsurance premiums and clean energy equipment, as well as a reduced VAT rate for business-to-consumer transactions. Finally, the legislation also implemented new VAT compliance requirements.
Source: kpmg.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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