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Friday, February 13, 2015

Tanzania:

Tanzania to Reverse VAT On Renewable Energy Technologies (AllAfrica)

(Courtesy CIA.gov)
The Tanzanian government has in principle agreed to reverse its decision to remove all Value Added Tax (VAT) exemptions on renewable energy technologies thanks to lobbying and advocacy by members of the Tanzania Renewable Energy Associations (TAREA).

Speaking at a workshop towards universal access in Tanzania stakeholder consultation, the TAREA Executive Secretary, Mr Matthew Matimbwi, said that when the government last year announced that renewable technologies like solar, wind and geothermal would be taxed, it was a huge disincentive.

"Since November last year until the end of the parliament session that ended last weekend, we have been engaging the authorities and they have now agreed to reverse their decisions, this is a clear indication of the value renewable energy is currently being given," he said.

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