What significant legal change has been made by the Amendments? What are the legal implications of the amendments to the industry players? What should the mining industry players do to comply with the Amendments? 1.0 Introduction The Mining (Local Content) Regulations, 2018 (hereinafter referred to as “the Local Content Regulations”) imposes the local content requirements […]
INVESTMENT UPDATE: THINGS TO CONSIDER WHEN ACQUIRING A HOTEL BUSINESS IN ZANZIBAR
Investing in Zanzibar is highly commendable and certainly, lucrative. Investments in Zanzibar are channeled mainly through the guiding and regulating arm of Zanzibar Investment Promotion Authority(ZIPA). The likelihood is for the hotel business to be at the seafront,hence ZIPA does not have much land bank for this type of investment and therefore, investors are expected to purchase such lands from other private owners and submit such lands for investment redesignation and land lease certification.
INVESTMENT UPDATE: A WALKTHROUGH INTO THE NHC JOINT VENTURE POLICY 2022. HOW CAN INVESTORS BENEFIT FROM THIS?
What are the key terms and conditions that prospective investors should be aware of? What are the available options for investors to venture with NHC? The currently available opportunities for investors to grab. A look into the Legal, Regulatory, and Tax implications to be considered by investors. 1. Introduction On the 16th of November 2022, […]
TAX LAW UPDATE: TAX REFUNDS IN TANZANIA; THE PRACTICE AND PROCEDURE FOR REFUND OF TAXES PAID IN EXCESS
Taxpayer’s eligibility to refund of tax paid in excess. The mode of making the application for a refund. Limitation period within which to make an application. Timelines for the Commissioner General to make his final decisions. The procedure for payment of the refund to the taxpayer. VAT refund. Power of the Commissioner General to offset […]