- Tanzanian Parliament accepted Bill No. 5 on Finance Act 2025 for consideration on June 12
- Bill proposes expanding VAT to online marketing platforms and nonresident online payment services
- Bill proposes zero-rating VAT for one year on specified textiles
- Bill proposes zero-rating VAT for three years on specified fertilizers
- Bill proposes exempting VAT on reinsurance transactions
- Law would take effect on July 1
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.
