An in depth analysis of the laws applicable on voluntary winding up A partial breakdown of other modes of winding up 1.0 Introduction Winding up is defined by the Black’s Law Dictionary, 9th Edition, to mean the process of settling accounts and liquidating assets in anticipation of partnership or corporation’s dissolution. In a winding […]
Law, Practice and Procedure Relating To Dividend In Tanzania, Under The Companies Act, 2002
Important terms to know about dividends generally The procedure for declaration and issuing of dividends Other matters such as unclaimed dividends, and trading of shares cum dividends The term ‘dividend’ is not defined under the law governing companies in Tanzania, that is, Companies Act Companies Act, No. 12 of 2002. According to the generally accepted […]
Import Duty Exemption For Investors Registered With Tanzania Investment Centre
Importation of goods in Tanzania attracts various taxes which include Import Duty, Excise Duty and Value Added Tax. All these taxes are levied on goods imported in the country. This means that investors both local and foreign will have to incur the expenses of paying the taxes imposed on importation of goods in Tanzania. However, […]
Value Added Tax (VAT) Deferment
A massive boost on foreign investment in Tanzania Criteria for eligibility and related issues enunciated Attracting the inflow of foreign investment has assumed a prominent place in the strategies of economic growth of many countries, Tanzania included. Tanzania like many other countries across the globe has resolved to build and maintain an attractive and friendly […]
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