Tanzania widens VAT net
Sun 12th Jun 2016
The range of goods and services subject to 18% Tanzanian VAT is to be modified.
The proposed 2016/17 budget includes the following changes, effective 1 July 2016:
- Financial services to be subject to VAT, with the exception of interest bearing loans
- Tourism services are to be liable to VAT
- Exemptions from VAT for some basic foodstuffs
- VAT exemptions for food supplements and vitamins