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Tanzania Parliament Approves VAT Waiver on NHC Houses

  • Parliament directs government to waive VAT on new NHC houses valued at 100m/-.
  • Government to settle debt accumulated from construction projects of four ministries.
  • Government to ensure institutions pay rental fees owed to NHC.
  • Parliament directs government to complete Kawe 711 housing project by June 30, 2026.
  • Government to finalize discussions with contractors for Golden Premier Housing Project by June 30, 2025.
  • NHC to complete Morocco Square Housing Project.
  • NHC to build 1,000 low-cost houses in Dodoma City within five years.
  • NHC recorded a profit of 21.8bn/
  • in the first eight months of the 2023/2024 fiscal year.
  • Ministry of Lands, Housing and Human Settlements Development will work on the resolution and provide feedback to Parliament.

Source: dailynews.co.tz

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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