The Government shall obtain not less than 16% non-dilutable free carried interest shares from a mining company/person holding a mining license or special mining license. The Government may acquire up to 50% of shares in a mining company/person holding a mining license or special mining license equal with the total tax expenditures incurred by the […]
IMMIGRATION AND RELOCATION LAW UPDATE : TANZANIAN IMMIGRATION ISSUES AMIDST THE COVID-19 PANDEMIC (Q&A)
What you need to know about entry requirements in Tanzania Additional requirements post-COVID 19 outbreak Quarantines, medical certificates, banned or blacklisted destinations/countries of origin and other matters of interest Introduction In the wake of the COVID-19 pandemic, relocation and travel has been largely inhibited and most countries placed entry and departure bans, while some which […]
LABOUR LAW UPDATE; A GUIDE FOR TERMINATION ON OPERATIONAL REQUIREMENTS (RETRENCHMENT) TO EMPLOYERS IN TANZANIA
Meaning of Retrenchment and Redundancy What is to be considered on retrenchment The importance of Consultation Method of selection Employee’s terminal benefits 1.0 Introduction During economic hardships Employers must find ways to balance the situation. Financial hardships may be handled by exploring cost-cutting options available for the company. These include reduction in number of workers. […]
FINANCE LAW UPDATE: CURBING MONEY LAUNDERING IN TANZANIA: A QUICK LOOK INTO THE ANTI-MONEY LAUNDERING (CROSS-BORDER DECLARATION OF CURRENCY AND BEARING NEGOTIABLE INSTRUMENTS) REGULATIONS, 2016
1.0 Introduction It is very normal for someone traveling in or out of the country to carry some form of money with them for their use. But did you know that there is a law, which governs threshold of money (be it currency or bearing negotiable instrument) one must declare when entering or departing from […]
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