A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax.
VAT essentially compensates for the shared service and infrastructure provided in a certain locality by a state and funded by its taxpayers that were used in the provision of that product or service. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues both worldwide and among the members of the Organisation for Economic Co-operation and Development (OECD). As of 2018, 166 of the 193 countries with full UN membership employ a VAT, including all OECD members except the United States, where many states use a sales tax system instead.
There are two main methods of calculating VAT: the credit-invoice or invoice-based method, and the subtraction or accounts-based method. Using the credit-invoice method, sales transactions are taxed, with the customer informed of the VAT on the transaction, and businesses may receive a credit for VAT paid on input materials and services. The credit-invoice method is the most widely employed method, used by all national VATs except for Japan. Using the subtraction method, at the end of a reporting period, a business calculates the value of all taxable sales then subtracts the sum of all taxable purchases and the VAT rate is applied to the difference. The subtraction method VAT is currently only used by Japan, although subtraction method VATs, often using the name "flat tax," have been part of many recent tax reform proposals by US politicians. With both methods, there are exceptions in the calculation method for certain goods and transactions, created for either pragmatic collection reasons or to counter tax fraud and evasion.
Kampuni ya Amazon Web Services EMEA Sarl ("AWS Europe") imetoa tangazo muhimu kuhusu mabadiliko ya Kodi ya Ongezeko la Thamani (VAT) nchini Tanzania. Kuanzia tarehe 1 Juni 2023, AWS Europe itatoza VAT kwenye mauzo ya huduma za elektroniki kwa wateja wasio wa biashara nchini humo. Barua pepe...
VAT YA 18% ni kubwa sana na imekaa muda mrefu. Ukiwauliza watu wa TRA wanasema hawawezi kushuhsha sababu ya walipaji ni wachache, na wachache hao wengine ni wadanganyifu.
Nafikiri serikali asilimia ya ikipungua unaongeza wigo wa watu kulipa VAT, sababu wanaona ni kiasi si kikubwa. Hii 18%...
Kwa kawaida mlipa kodi aliyesajiriwa kwenye VAT hutakiwa kulipa au kudai kurejeshewa tofauti ya kodi kwenye mauzo na kodi kwenye manunuzi kutegemeana na ukokotozi. Kwa taarifa hii ya TFF inaelekea TRA imechuka 18 % mapato yote ya mchezo wa siku husika. Kwa maoni yangu hii ni kinyume cha sheria...
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Wana JF,
Ujumbe huu uende kwa Rais Samia pamoja na TRA.
Huu mfumo mpya ambao TRA imeuanzisha katika kukusanya VAT umeleta matatizo makubwa sana hasa kwa kampuni za wilayani na mikoani.
Kawaida VAT huwa hivi. Mfanyabiashara unaauza bidhaa yako au huduma yako na kuongeza VAT juu ambayo mlaji...
Picha hapo juu inajieleza. Tafsiri nyepesi ya hizi tozo ni kwamba VAT imepanda mara 2. Zile stori za sijui nchi ni yetu sote, tunajenga nchi, tunaendesha miradi ni vichaka tuu vya kujifichia ila ukweli ndiyo huo kwamba VAT ime-double.
Sasa kwa hali ya uchumi ilivyo ni mzigo tosha kwa mwananchi...
Viwango vya juu vya tozo ya Serikali vimepunguzwa kutoka sh. 7,000/- hadi 4,000/-(kwa wanaotuma zaidi ya sh. 3,000,000/-). Viwango vya chini vimepunguzwa kutoka sh. 100/- hadi shilingi 10/- (wanaotuma kati ya sh. 100/- hadi 2,999/-
Pia tusichanganye makato mengine ya watoa huduma yaani benki au...
Habari zenu Wakuu,
Nimekuwa Nikiyumba Kuhusu Sheria Ya ARDHI Kwa Makampuni ya Upimaji na Uuzaji wa Viwanja
Kwamba Je Wanapovuka Tsh, Million 100 Kwa Mwaka. Je Hulazimika Kulipia VAT ?
Hii Nakusudia Makampuni na Wauzaji Wengine Ambao Hufanya Upimaji Na Kurasimisha Mipango Miji na Kuanzia...
Naibu Waziri wa Fedha, Hamad Hassan Chande amesema Serikali inafanya tathmini ya hatua mbalimbali zinazopaswa kuchukuliwa kwa kila Sekta ili kukabiliana na athari zinazotokana na Hali ya Kisiasa ikiwemo Vita ya Urusi na Ukraine
Ameeleza hayo baada ya Mbunge Nancy Hassan Nyalusi kuhoji ni hatua...
Katika hatua ambayo integemewa kukuza uchumi kwa kiwango kikubwa kupitia uwekezaji, serikali ya Kenya inatazamiwa kuondoa kodi za Excise na VAT kwa magari yatakayoundwa nchini Kenya.
Kwa sasa hivi Kenya tayari imetoa exemption ya import Duty ya 25% wa magari yanayoingizwa.
Tahadhari kwa...
Bei ya mafuta ya petroli na diseal imeshuka tena na kuwa chini ya USD 100 kutoka 130 wiki iliyopita. Wiki iliyopita serikali ilitoa tozo ambalo ni mahususi kwa jambo maalumu. Mimi nadhani serikali ipunguze VAT kwenye mafuta ili kuleta suluhisho la kudumu kuliko hili la kutoa tozo.
Habari wakuu! Naomba kuelimishwa kidogo, nataka kufanya biashara na Supermarket moja hapa jijini Dar, wameahidi kuchukua mzigo mkubwa iwapo ntakuwa namiliki risiti za EFD kwaajili ya VAT. Kwa lengo wakati nawauzia basi niwatolee hiyo electronic receipt.
Sasa naomba ushauri je kumiliki hicho...
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