Investment Incentives

Application procedures for Corporate tax exemption

Investors may apply for corporate tax exemption after fulfilling the following conditions:

The application must be accompanied with:

Please note:
Application for Corporate Tax exemption shall be made in the first year of business operation.

Application procedures for exemption of import duties and similar taxes

Investors shall submit to ZIPA approved drawings, Bill of Quantity and a list of all capital goods to be imported as well as to be purchased locally for consideration and where appropriate granted exemption. The list should be submitted in both hard and soft copy.

Exemption of imported goods

For each consignment of approved imported materials, an investor may apply for exemption in writing to ZIPA at least 2 weeks before arrival of goods in Zanzibar and submit together with the application 2 sets of the following documents:

Exemption of Value Added Tax on local purchase

For every goods to be purchased locally, investor may apply for Value Added Tax (VAT) relief to ZIPA and submit two sets of the following:

Note:
For all goods exempted, Investor shall pay 5% of the total amount of exempted duties to ZIPA as service charge, except for investors who have strategic investment status.