The government’s intention to extend a value added tax (VAT) exemption on air charter services for four years has been received with jubilation by industry players who believe it would spur growth of intertwined multi-billion-dollar industries of aviation and tourism.
The Bill Supplement (“the Written Laws (Miscellaneous Amendments) Act, 2023”) proposes to reinstate the exemption and postpone its removal until 1st July 2026.
Source: www.thecitizen.co.tz
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