The Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial Institutions)

This Order may be cited by its title and is deemed to have come into operation on 3 July 2024.

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Jurisdiction: Tanzania
Instrument: Act or statute
Citation: The Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial Institutions)
Version: Undated source snapshot
Language: en
Official source: View official record ↗

contract-linked compliance exemption expiry income tax withholding tax

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This Order may be cited by its title and is deemed to have come into operation on 3 July 2024. M/S Wilmar Rice Tanzania Limited is exempted from withholding tax on interest on loans from foreign financial institutions for the rice milling and packaging plant project. This Order expires on 31 May 2026, according to clause 3.3 of the related performance contract.

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Provisions of The Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial Institutions)

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1
This Order may be cited as the Income Tax
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AI-assisted research summary: This Order may be cited by its title and is deemed to have come into operation on 3 July 2024.

1. This Order may be cited as the Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial (Establishment and Institutions) Operation of a Rice Milling and Packing Plants) (M/S Wilmar Rice Tanzania Limited) Order, 2025 and shall be deemed to have come into operation on the 3nd day of July, 2024.
2
The withholding tax on Interest on loans from
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AI-assisted research summary: M/S Wilmar Rice Tanzania Limited is exempted from withholding tax on interest on loans from foreign financial institutions for the rice milling and packaging plant project.

2. The withholding tax on Interest on loans from foreign financial institutions payable by M/S Wilmar Rice Tanzania Limited in the execution of Establishment and Operation of a Rice Milling and Packaging Plant Project is exempted.
3
This Order shall expire on 31st day of May,
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AI-assisted research summary: This Order expires on 31 May 2026, according to clause 3.3 of the related performance contract.

3. This Order shall expire on 31st day of May, 2026 as per clause 3.3 of the performance contract between M/s Wilmar Rice Tanzania Limited and the the United Republic of Tanzania Government of represented by the Tanzania Investment Centre dated on 23rd day of June, 2023. Citation and commencement Exemption Expiry Dodoma 31st December, 2024 MWIGULU LAMECK NCHEMBA MADELU, Minister for Finance

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The Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial Institutions)

About this statute

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Provisions of The Income Tax (Exemption) (Withholding Tax on Interest on Loan from Foreign Financial Institutions)

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