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Some investors in Tanzania’s key economic sectors, including oil and gas and mining have for many years entered into net of tax contracts with their expatriate employees. In the simplest way possible, ‘net of tax’ refers to the amount left after taxes hTanzania in International Tax Law: Grossing up expatriates’ net pay
Some investors in Tanzania’s key economic sectors, including oil and gas and mining have for many years entered into net of tax contracts with their expatriate employees. In the simplest way possible, ‘net of tax’ refers to the amount left after taxes have been deducted. These investors would withhold and remit the correct amount of pay-as-you-earn (PAYE), with the net amount grossed up (i.e. increasing the net salary to account for deductions) and consequently subjected to PAYE. Read more