- Tanzania’s 2026/2027 budget introduces a mandatory 30-day deadline for VAT refunds.
- The TRA must pay refunds within 30 days or face statutory interest on late payments.
- The reform replaces long refund delays that previously tied up business cash flow for 12–24 months.
- It is expected to improve investor confidence, attract foreign direct investment, and boost private investment.
- Success will depend on disciplined implementation, risk-based audits, and control of refund fraud.
Source: africanarguments.org
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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