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Tanzania widens VAT net

  • VAT
  • 12 June 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 VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.