The Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania Plc and Settle Disputes) Regulations, 2021

This section gives the Order its short title and says it is treated as having come into operation on 22 December 2021.

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Jurisdiction: Tanzania
Instrument: Regulation
Citation: The Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania Plc and Settle Disputes) Regulations, 2021
Version: Undated source snapshot
Language: en
Official source: View official record ↗

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This section gives the Order its short title and says it is treated as having come into operation on 22 December 2021. Certain taxes tied to the specified Airtel Tanzania restructuring transactions are exempted. This Order expires after the transactions listed in its Schedule are completed. The text is fragmented, but it appears to mention new shares equal to 9% and support services to the GoT at no cost. This text lists several agreement-related items for a period beginning 1 April 2019 and refers to the 2019 financial year.

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Provisions of The Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania Plc and Settle Disputes) Regulations, 2021

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1
This Order may be cited as the Income Tax
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AI-assisted research summary: This section gives the Order its short title and says it is treated as having come into operation on 22 December 2021.

1. This Order may be cited as the Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania PLC and Settle Disputes) Order, 2021 and shall be deemed to have come into operation on the 22nd day of December, 2021. under the Schedule by Airtel Tanzania PLC BHARTI AIRTEL TANZANIA B.V BHARTI (NETHERLANDS) B.V.
2
Any tax payable in the transactions stipulated
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AI-assisted research summary: Certain taxes tied to the specified Airtel Tanzania restructuring transactions are exempted.

2. Any tax payable in the transactions stipulated or or INTERNATIONAL ) or the Government pursuant to the Agreement to Restructure Airtel Tanzania PLC and Settle Disputes dated 7thJune, 2019 as amended by an addendum dated 21st day of December, 2021 is hereby exempted. AIRTEL Expiry
3
This Order shall expire after completion of the
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AI-assisted research summary: This Order expires after the transactions listed in its Schedule are completed.

3. This Order shall expire after completion of the transactions specified under the Schedule to this Order. 1 Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania PLC and Settle Disputes) GN. NO. 808 (Contd.) _________ SCHEDULE ________ (Made under paragraph 2) ________ TRANSACTIONS IN RESPECT OF WHICH TAX PAYABLE IS EXEMPT S/N Type of Transaction

Part

SCHEDULE

1
Section 1
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AI-assisted research summary: The text is fragmented, but it appears to mention new shares equal to 9% and support services to the GoT at no cost.

1. New shares equal to 9% o 2019 to the GoT at no cost. issued on 29th November for support services to the GoT for 60
3
Section 3
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AI-assisted research summary: This text lists several agreement-related items for a period beginning 1 April 2019 and refers to the 2019 financial year.

3. 4 5 6 months beginning on 1st April 2019. financial year 2019. Sale of Towers and the Towers Sale Proceeds distribution as set out in Part A of Schedule 6 of the Agreement. BATBV waiver of the Outstanding Shareholder Loans and other claims set out in Part B of Schedule 6 of the Agreement. Settlement of the BAIN Tax Assessments, the Compliance Order Decision and the ATZ Tax Assessments as per Article 2.2 (h) of the Agreement. Dodoma, 24th December, 2021 MWIGULU LAMECK NCHEMBA MADELU Minister for Finance and Planning 2

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The Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania Plc and Settle Disputes) Regulations, 2021

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Provisions of The Income Tax (Exemption) (The Agreement to Restructure Airtel Tanzania Plc and Settle Disputes) Regulations, 2021

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