Posts by mohammad

New Natural Wealth and Resources Regulations 19 Feb 2020

New Natural Wealth and Resources Regulations The new Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Regulations, 2020 (the Unconscionable Terms Regulations) and the Natural Wealth and Resources (Permanent Sovereignty) (Code of Conduct for Investors in Natural Wealth and Resources) Regulations, 2020 (the Code of Conduct Regulations) were published in Government Notices…

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Natural wealth and resources regulations in Tanzania

The new Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Regulations, 2020 (the Unconscionable Terms Regulations) and the Natural Wealth and Resources (Permanent Sovereignty) (Code of Conduct for Investors in Natural Wealth and Resources) Regulations, 2020 (the Code of Conduct Regulations) were published in Government Notices No. 57 and 58 on 31 January 2020…

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ECONOMIC BENEFITS OF THE OIL AND GAS INDUSTRY

The growing oil and gas industry in Tanzania will have enormous economic contributions that benefit all Tanzanians. Some of the benefits are listed below. TAXES Every year, the oil and gas industry pays taxes to the government. These taxes are either in the form of profit taxes, withholding taxes, payroll taxes and other types of…

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