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Tanzania widens VAT net

  • Jun 12, 2016 | Richard Asquith
Tanzania widens VAT net

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
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara