The Finance Act, 2012

This section says the Act may be cited as the Finance Act, 2012.

This provision sets commencement dates: most relevant parts of the Act are deemed to start on 1 July 2012, but two listed HS codes start later on 1 January 2013.

This Part must be read together with the Airport Service Charge Act, which is called the principal Act.

This provision amends section 3 of the principal Act by changing “five thousand” to “ten thousand” and “thirty” to “forty” in the specified subsections.

This section says this Part must be read together with the East African Development Bank Act.

If the Charter articles in the Schedule are amended, the Minister may amend the Schedule by Gazette order, and the order must state the effective date and be laid before the National Assembly at its next meeting.

This section amends the Schedule to the principal Act by changing rules on the Bank’s creditor status, legal immunity, and definition of its property and assets.

This Part is to be read together with the Excise (Management and Tariff) Act, and it amends that Act’s excise duty provisions.

The provision lists old and new excise rates for fruit and vegetable juices, including imported and locally produced products, with amounts stated per litre in Tanzanian shillings.

This text lists tariff classification headings and product descriptions for waters and related non-alcoholic beverages.

This line classifies beer made from malt, including stout and porter, and a separate “other” category.

Lists tariff classifications and product descriptions for wine of fresh grapes and related grape-must goods.

This provision classifies vermouth and other grape wine flavored with plants or aromatic substances into tariff subheadings based on container size and grape-content thresholds.

This provision lists Tanzanian shilling tax rates per litre for certain beverages and spirits.

This tariff line sets Tanzanian shilling charges per mil for certain cigarette products, including tobacco cigarettes with and without filter tips and other tobacco/tobacco-substitute cigars and cigarettes.

This table lists tariff amounts for certain tobacco, fuel oil, and natural gas items, with some entries shown as Tshs amounts and some as NIL.

This entry lists a rate of 0.35 per cubic feet for certain recording media and related goods, with an exclusion for products of Chapter.

The schedule sets a charge of Tshs. 40.00 per unit for recorded video and audio tape and for recorded optical media such as DVD, VCD, and CD.

This Part is to be read together with the Export Tax Act, which is called the principal Act here.

This section amends the principal Act by replacing the whole Schedule with a new Schedule that sets a rate for raw skin.

This section amends the principal Act by repealing the Second Schedule and replacing it with a new Schedule.

This section lists tax rates and amounts for several gaming activities.

This section amends the Second Schedule to add Dar es Salaam Stock Exchange and to replace one income item with income derived from gaming by a gaming licensee who has paid gaming tax under the Gaming Act.

This section amends the Third Schedule by adding a new phrase about an “electronic fiscal device purchased by a non Value Added Tax registered trader” after “agriculture” in class 8 of depreciable asset.

This section amends section 29 by deleting the words “tax invoice or” in subsections (1) and (3).

This section amends the principal Act’s First Schedule by adding new items immediately after item 16.

This provision refers to the supply of manufacturers using locally produced cotton.

This section appears to concern the supply of locally produced milk and milk-related products.

This section amends the Second Schedule by replacing items 18 and 19 with a new item covering the provision or conducting of games of chance through a national lottery, casinos, slot or gaming machines, internet casino, or SMS lottery.

This text appears to amend a schedule or list by referring to the supply of computers, printers, parts, accessories, and specified electronic fiscal devices, and by replacing item 26 with “Natural Gas and Equipment.”

This section is about compressed natural gas vehicle conversion kits.

This provision is titled “Compressed Natural Gas Plants Equipments. pipes”.

This section is titled “Natural Gas (Transportation and Distribution pipes).”

This section is titled “Compressed Natural Gas Storage cascades.”

This section is titled “Compressed Natural Gas Special transportation Vehicles.”

This section is titled “Compressed Natural Gas Refueling or filling equipments.”

Section 13 is titled “Condensate tanks and leading facility.”

This provision amends the Principal Act by repealing the Third Schedule and replacing it with a new schedule.

Supplies to or imports of goods or services for an accredited diplomatic mission’s official purposes are treated specially when reciprocal treatment exists.

Goods or services supplied or imported under a technical aid or donor-funded agreement may receive tax relief, subject to the agreement’s terms.

This provision concerns the importation or supply of goods or services for a government-funded project related to infrastructure and utilities development.

Imported travellers’ or deceased persons’ personal effects may qualify for relief from duty under the Customs Laws.

Section 5 concerns the supply of specified goods to the Armed Forces.

This provision refers to supplying equipment designed solely for medical or prosthetic use, including ambulances and mobile health clinics, to certain health professionals, facilities, or patients.

This provision refers to supplying equipment designed solely for veterinary use to a registered veterinary practitioner.

This provision refers to goods or services imported by, or supplied to, a registered and licensed explorer or prospector for exclusive use in exploration or prospecting.

Goods imported or supplied to a registered licensed exploration or prospecting company may qualify for relief from customs duty, and services used exclusively for petroleum or gas exploration or prospecting are covered.

The Armed Forces duty free shops must submit annual procurement plans before the Government fiscal year and account for relief used on procured goods. Certain registered religious, charitable, community-based, and other non-profit organizations or institutions must also submit annual project plans and account for relief used on goods or services.

This provision concerns the importation or supply of goods or services to the Red Cross Society of Tanganyika when they are to be used only for its statutory functions.

Importation or supply of goods or services to certain institutions or organizations may qualify for relief from taxation if the relevant Agreement provides for it.

This provision refers to the importation or supply of goods and services for water and sewerage infrastructure development and for providing water and sewerage services to the public in urban and rural areas.

This provision concerns the supply of raw and packaging materials to a registered manufacturer of spectacle lenses.

This provision describes supplies to a licensed investor for use as raw materials, equipment, machinery, and related manufacturing goods and services in Export Processing Zones, excluding non utility motor vehicles, spare parts, and consumables.

This section concerns the supply of building materials and construction services by a developer licensed under the Export Processing Zones Act.

This provision concerns the importation or supply of certain raw materials and capital goods to investors licensed under the Special Economic Zones Act.

This provision refers to the importation by, or supply to, a registered water drilling company of goods used solely for water drilling.

The provision appears to concern importation or supply of goods for use only in manufacturing human medicines by a registered pharmaceutical manufacturing company.

This provision refers to the supply of goods by domestic manufacturers for sale in a duly licensed duty free shop.

This provision refers to the supply of destination inspection services to the Tanzania Revenue Authority.

A farmer may import or buy a generator or water pump for irrigation, fishing, or keeping livestock if the farmer gives the Tanzania Revenue Authority a confirmation from a local government director.

This provision refers to the importation or supply of capital goods to a person.

Section 25 refers to the importation or supply of railway locomotives, rolling stock, parts, and accessories to a registered railway company, corporation, or authority.

This provision refers to the importation or supply of fire fighting vehicles to the Government or Government Agencies.

This section concerns the importation or supply of goods or services for the Bank of Tanzania when they are to be used only for its statutory functions.

This provision refers to the importation of ethanol, dyestuff, and thickening agent by a local manufacturer of burning jelly.

Relief applies to certain imports and supplies for agriculture, but only if the Minister responsible for agriculture approves the goods and services after inspection by an agriculture officer.

This section concerns the importation or supply of tractor tyres.

This provision is titled "The importation or supply of tractor trailer and supply of spare parts for tractor trailer."

This section says this Part must be read together with the Gaming Act, which is called the principal Act.

This provision adds definitions for “internet casino” and “SMS lottery” to section 3.

Section 26 is amended to add two licence items: an internet casino licence and an SMS lottery licence.

Internet casinos must pay 15% of gross gaming revenue.

This Part is to be read together with the Income Tax Act, which is called the principal Act.

This section amends section 3 of the principal Act by changing several definitions, including document, exempt amount, income, investment assets, statutory rate, and adding a new definition of strategic investor.

This section amends the principal Act by deleting the words “attributable to tax incentives” from section 4, paragraph (a).

Section 6 is amended to add a rule about resident corporations with perpetual unrelieved losses: their turnover for a year of income is addressed by the new paragraph.

This provision amends section 12 of the principal Act, changes a ratio to 7 to 3, and adds definitions for debt, equity, and period.

This provision amends section 39 by replacing paragraph (g) with new wording about a foreign currency debt claim being actually paid.

This section amends section 40(2) by replacing paragraph (c).

This section amends section 54 by replacing an exemption phrase with a phrase saying the income is taxed at the rate in the First Schedule.

This provision amends section 56 of the principal Act and refers to an amendment of section 80A.

This provision amends the principal Act by repealing section 80A and replacing it with a new section.

Businesses or persons selling goods or services worth at least 5,000 shillings must issue a fiscal receipt or invoice using an electronic fiscal device, unless they are exempt.

This provision amends the principal Act by adding an exception in section 82 for interest payable to a non-resident bank by a strategic investor, except where the interest is payable on a loan from an associated or related company.

The section is amended so that authorities must not register a transfer or change of name unless a Commissioner’s certificate is produced, and the certificate must show the instalment has been paid or is not payable.

A person who fails to acquire or use an electronic fiscal device, or to issue a fiscal receipt or fiscal invoice, commits an offence and may be fined or imprisoned.

The First Schedule tax table is amended to replace the total income and rate payable brackets.

The Minister may determine the rate applicable in Tanzania Zanzibar, after consulting the Minister responsible for finance of the Revolutionary Government of Zanzibar. The section also sets turnover tax amounts and thresholds.

A 2.5% amount is stated for turnover above Shs 7,500,000/=.

The text appears to list turnover-based amounts and percentage rates, including 3.0% and 3.5%, with several Shs thresholds.

This section amends the Second Schedule and refers to amounts around Shs 16,000,000 and Shs 20,000,000.

This section links the Part to the Local Government Finances Act and amends section 6(1) to set a service levy rule.

The amendment sets a services levy of up to 0.3% of turnover net of VAT and excise duty for corporate entities or business-licensed traders, and says branches of corporate entities pay the levy to the district councils where they are located.

The amendment sets registration tax for personalized identification at five million shillings, renewable every three years.

This provision says the Finance Act part must be read together with the Value Added Tax Act and changes the VAT Act so that telecommunication services supplied within Tanzania are treated as supplied where their effective use or enjoyment takes place.

This section amends section 13 of the principal Act by removing a phrase, deleting subsection (5), and renumbering later subsections.

Section 44 amends section 16 by deleting the words “tax invoice or” from subsections (4) and (5).