- Tanzania’s Finance Act 2025, effective from July 1, reduces VAT from 18% to 16% to alleviate financial burdens, particularly lowering fuel prices. This move has sparked concerns among Kenyans about the lack of similar measures in their country. The Tanzania Revenue Authority is finalizing details for implementation, with a public notice to specify eligible persons and procedures.
Source: msn.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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