Tanzanian companies have been granted exemption on imported products that attract 35 percent duty, barely a month after the EAC Common External Tariff came into force.
“Duty exemptions are fine to a certain extent but if only it is on the basis of no local supply. If it is due to supply, then we should be loyal to our manufacturers. The whole point of this is to promote employment.”
Source: Zawya
Latest Posts in "Tanzania"
- 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
- Tanzania Introduces 16% VAT on B2C Online Payments via Approved Platforms
- Tanzania Lowers VAT to 16% for B2C Payments, Awaiting Implementation Details