Tanzania's Minister of Finance delivered the Budget Speech for 2023/24 to parliament on 15 June 2023. Some of the main tax measures concern VAT, including:
- An increased VAT registration threshold from TZS 100 million to TZS 200 million;
- VAT exemptions on:
- certain inputs used to manufacture insecticides and acaricides;
- certain inputs used to manufacture packaging materials;
- imported prefabricated structures to be used by the poultry farmers;
- molds used solely by pharmaceutical manufacturers;…