BRAC loses tax appeal as court orders VAT, excise duty payment

Arusha. The Court of Appeal has ruled that BRAC Tanzania Finance Limited is a financial institution and must therefore pay excise duty and Value Added Tax (VAT) under the country’s tax laws.

The court held that although the entity is a non-deposit-taking lending institution, its operations fall within the legal definition of a financial institution because they resemble banking activities.

The ruling was issued on Thursday, May 21, 2026, by a three-judge bench comprising Shaaban Lila, Sam Rumanyika and Latifa Mansoor.

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