Two new bills on natural resources sovereignty and contracts passed in the Tanzanian parliament on Monday have thrown mining companies into disarray. A third piece of legislation that will impose amendments on the Mining and Petroleum Acts and the Tax Administration Act, is currently under debate and expected to be passed on Wednesday.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The buyout of Hucke and Associates continues Ryan’s streak of firm acquisitions; in other news, a UK appeal against VAT on private school fees was dismissed
A 120-plus-day delay to refunds would cost taxpayers almost $3bn in additional interest, the Cato Institute warned; plus indirect tax updates from February
The Office for Budget Responsibility’s pessimistic pillar two forecast accompanied the UK chancellor’s muted Spring Statement, dubbed ‘as dull as possible’ by one adviser
Digital tax reform is dissolving the old ‘temporal buffer’, forcing systems, institutions, and professionals to adapt as real-time reporting reshapes governance, capability, and compliance
While some believe it could have a positive effect on the wider advisory landscape, others argue that HMRC’s ‘red tape’ exercise won’t deter bad actors