The Bank of Tanzania (BOT) has recently issued guidelines on fees and charges: Please see below an outline summary of some of the material items in the guidelines for Banks…
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Finance Act 2020 introduced new reporting requirements of beneficial owners with a deadline of 31 December 2021. Trustee Incorporation Act has also been amended to provide for requirements to file…
The Finance Act 2023 has come into effect on 1 July 2023. It includes various changes, notably to Section 56 Income Tax Act so that a change of underlying ownership…
Did you know that … within 30 days of signing a public contract, a successful tenderer is required to furnish a written statement to the Prevention and Combating of Corruption…
The objective of these Regulations is to provide for the control and management of carbon trading projects in Tanzania, providing the legal framework necessary for ensuring sustainable environmental development by…
The Deposit Insurance Board has by Notice dated 6 March 2022 invited all depositors and other creditors of FBME Bank Limited (under liquidation) to share comments regarding the liquidation of…
Written Laws (Miscellaneous Amendments) (No 4) Bill 2021 includes proposed changes to the Employment Regulations as outlined briefly below: Amendment to ensure that there is a simplified and improved manner…
Written Laws (Miscellaneous Amendments) (No 2) Bill 2021 included some proposed changes in January 2021 to the Companies Act 2002 (CAP 212) of which the following were enacted in September…
Business Registrations and Licensing Agency (BRELA) extended the time for submission of information on beneficial ownership of shares for 12 months to 31 December 2021 and gave Notice in April 2021…
The Prime Minister Kassim Majaliwa has assured investors that the government will make everything possible to end challenges affecting investments in Tanzania, including reviewing unfriendly laws. Please see Guardian Article…
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