19th May 2020 16:46
(Alliance News) - Aminex PLC said Tuesday it has been issued a tax clearance certificate in Tanzania, taking it a step closer to completing its Ruvuma farm-out.
Aminex's subsidiary has paid its capital gains tax bill and ARA Petroleum Tanzania Ltd has paid its stamp duty bill, meaning the Tanzania Revenue Authority has given Aminex its clearance certificate.
Aminex Chief Executive Robert Ambrose said: "This is a major milestone. With the receipt of the Tax Clearance Certificate from the TRA and with the onward submission to the TPDC, Aminex has now accomplished all of the conditions within our control in order to complete the Ruvuma Farm-Out."
By Paul McGowan; [email protected]
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