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Budget 2024: Tax Amendments and VAT Refund Changes Presented to National Assembly

  • Budget 2024 presented to National Assembly by Minister for Finance
  • Significant proposed tax amendments include:
  • Imposing VAT zero rate on gold supplied to Central Bank of Tanzania
  • Exempting from VAT certain supplies and imports for official use by Tanzania People’s Defence Force
  • Administration changes include requiring VAT refunds to be paid within 30 days from submission date

Source: ensafrica.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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