Tanzania issues deadline for electronic stamps
The Tanzania Revenue Authority has set 31 January 2021 as the deadline for affixing electronic stamps for goods entering the market. The stamp signifies compliance with tax laws and has already been implemented on alcohol products produced in Tanzania. Other products targeted for electronic stamps include fruit and vegetable juices, bottled water and music products. Their manufacturers will be expected to register their products and apply for the estimated number of stamps needed in the year. The electronic stamp tax will not only track goods in the country but also help in raising revenue for the lower middle income country.