The launching of Longido Clean Water Project in Arusha. This project has been facilitated by taxpayers through tax payments
Construction of Tanzanite Bridge in Dar es Salaam is one of the tax benefits. Pay tax to build our Nation
Payment of taxes facilitates construction of various infrastructures such as 107.4 km Njombe – Makete road

 

 

 

Investors investing in Free Economic Zones are granted the following tax incentives:-

  • 10 year Corporate Tax Holiday and 25% tax rate for the subsequent ten years.
  • 10 year withholding tax holiday on dividends to non residents.
  •  Duty and VAT Exemption on raw materials, machinery, equipment and other inputs.
  •  Stamp Duty Exemption
  • 100% investment deduction on capital expenditure within 20 years.
  • Exemption from Tax on dividend for ten years.
  • Duty and Tax free Import of goods from domestic area permissible.
  • Duty Free import of raw materials for construction of factory buildings.
  • Duty free export of goods produced.
  • Exemption of income Tax on interest on borrowed capital.
  • Exemption from payment of all taxes and levies imposed by local government authorities for gods and services produced in Free Economic Zones.
  • On site custom inspection of goods in lieu of off-port inspection.

 

Investors investing in Free Zones are granted the following tax incentives:

  • Exemption from any tax on all goods destined for re-export.
  • Exemption from local taxes on all goods produced in Freeport for export
  • Exemption from payment of corporate tax for the first 20 years.
  • No limit to the durations that goods may be stored to Freeport Zones.
  • 100% retention of all profits.
  • 100% foreign ownership allowed.
  •  Free repatriation of profit.

 NB: 20% of turnover is allowed for sale at the local market and is subject to the payment of all taxes.

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