Tanzania

Tanzania widens VAT net

June 12th, 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 …


Tanzania

Tanzania VAT changes

July 2nd, 2015

The updated Tanzanian VAT Act will extend VAT to a new range of supplies. The current Tanzanian VAT rate is 18%. Non-life insurance is no longer VAT exempt Exports are now fully VAT exempt Exemptions have been extended to a range of agricultural goods and supplies, education, health care and other services A system of …