Latest stories tagged “taxation”
The Constitutional Court has ruled against the implementation of a zero VAT rate for second-hand gold, confirming that most second-hand gold will now be subject to the standard value-added tax rate of 15%. This decision effectively closes a longstanding loophole in the taxation of second-hand gold transactions.
TanzaniaInvest interviewed Dr FAyaz Bhojani, Managing Partner of FB Attorneys, which is the only law firm in Tanzania ranked highly by major international legal directories. He discussed the firm's expertise in cross-border arbitration, mining, oil and gas, and mergers and acquisitions. Dr Bhojani highlighted that foreign investors prioritize the rule of law and a fair, predictable tax system when considering investments in Tanzania.
The Constitutional Court has ruled against the implementation of a zero VAT rate for second-hand gold, confirming that most second-hand gold will now be subject to the standard value-added tax rate of 15%. This decision effectively closes a longstanding loophole in the taxation of second-hand gold transactions.