MINING LAW UPDATE: THE MINING (INTEGRITY PLEDGE) REGULATIONS, 2018 AND THE MINING COMMISSION (GUIDELINE FOR SUBMISSION OF LOCAL CONTENT PLAN) 2018
September 8, 2018
Synopsis of the new regulations. Summary of provisions of the Mining (Integrity Pledge) Regulations, 2018. Summary of provisions of the Mining Commission (Guideline for Submission of Local Content Plan) 2018. 1.0. Introduction: On 13th July, 2018 the Ministry of Minerals published the Mining (Integrity Pledge) Regulations, 2018 (hereinafter referred to as “the Integrity Pledge Regulations”) […]
Read MoreTAX UPDATE: COURT OF APPEAL DECIDES ON THE FATE OF ‘BAD DEBTS’ AFFECTING THE TAXATION OF BANKS AND FINANCIAL INSTITUTIONS SUBJECT TO CERTAIN CONDITIONS
August 30, 2018
Deductions of bad debt by Banks and financial institutions are determined in accordance with the relevant conditions provided by the Bank of Tanzania (BOT). All reasonable steps in pursuing payment must be taken and the Banks and financial institutions must reasonably believe that the debt claim will not be satisfied. The debt amount by the […]
Read MoreTAX LAW UPDATE: DEFINING WHAT STAMP DUTY LEVY IS AND RECOGNIZING INSTRUMENTS THAT ARE CHARGEBLE WITH STAMP DUTY UNDER THE STAMP DUTY ACT CAP 189 REVISED EDITION 2006
August 11, 2018
Meaning of stamp duty Brief discussion of provisions of the Stamp Duty Act R.E 2006 (“the Stamp Duty Act”) that require instruments to be charged with stamp duty List of instruments that are chargeable with stamp duty Consequences of not complying with the Stamp Duty Act (Among other consequences, the instrument may not be admitted […]
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