THE CONTROL OF TRANSFER PRICING IN TANZANIA Transfer Pricing as a concept is about transferring and/or manipulation of price which leads to tax avoidance in a transaction with the aim of reduction of tax liability. The price that is involved in these sorts of transactions is referred to as “Transfer price” as it is the [...]
THE LEGAL AND PROCEDURAL REQUIREMENTS FOR ESTABLISHING MINERAL TRADING AND EXPORT OPERATIONS IN TANZANIA The United Republic of Tanzania has legal authority over any mining activities and minerals found on, in, or beneath Tanzanian continental soil. Some of the minerals found in Tanzania include gemstones, gold, silver and copper. Any person with valid mineral rights [...]
TECH INVESTMENT INCENTIVES IN ZANZIBAR Silicon Zanzibar is a recent initiative that has been announced in Zanzibar by the Ministry of Investment & Economic Development within the Fumba Special Economic Zone. The aim is to pull tech-based businesses, their workers, specialists, and investors. The goal is to place Zanzibar as an attractive location for the [...]
Land Act, Cap 113 allows disposition of land by way of sell and purchase by any person whether for the purpose of person use or investment and transfer the title under his/ her name. Take this example A owns a plot of land and he wishes to sell it. [...]
An independent contractor is a person or firm hired to provide services on a non-permanent basis. Say Company A needs to update all their user data (KYC) by a particular date but does not require any services of such nature after such compliance is concluded. In addition, company A does [...]
