Highlights Introduction: In an increasingly interconnected world, international travel has become more accessible than ever. One important aspect of travel is obtaining a visa, which is typically a mandatory requirement for entry into many countries. However, certain travelers may qualify for a “gratis visa,” which allows entry without the usual fees associated with visa applications….
Tax Implications of a Members’ Voluntary Company Winding Up.
- October 17, 2024
SUMMARY NOTE: In the event of a Members’ Voluntary Winding Up of a company in Zanzibar, several taxes may be applicable, depending on the circumstances of the liquidation. Here are the key taxes to consider: Applicable Rate: Capital gains tax is charged on the disposal of assets, which may occur when the company sells its…
Importance of a Shareholders’ Agreement in Tanzania.
- October 17, 2024
Summary note Overview A shareholders’ agreement is a document which outlines the relationship between shareholders, their rights and obligations and ensures smooth governance of a company. The importance of having a shareholder’s agreement is: 1. Clarity of Rights and Responsibilities The shareholders’ agreement defines the roles of shareholders, including their rights to dividends, voting powers,…