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.
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, […]
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 […]
Widening the scope of Income Tax exemption. Granting power to the Minister to grant Exemption on strategic projects without Approval of the Cabinet for specified threshold. Reduction of the minimum Pay As You Earn rate for employees. Enabling depreciation costs calculation on the cost of assets used in international pipelines. Exemption of Skills Development Levy […]