Tanzania Gazettes 2024 Finance Act

The Tanzanian Official Gazette June 30 published the 2024 Finance Act. The law includes measures: 1) exempting or applying a zero percent rate on specific registered manufacturing inputs from VAT; 2) zero-rating VAT on specific goods from July 1, 2024, until June 30, 2025; 3) applying specified tax rates per vehicle for resident individuals, for the transport of passengers or goods; 4) applying withholding tax rates of 5 percent on payments to resident digital content creators, 3 percent on purchases of industrial minerals, and 3 percent on income from the transfer or exchange of digital assets; and 5) adding aircraft ...