Legal UpdateTanzania Investment Magazine 2022 – FIN & LAW Legal Guidance on Investment Law
19 February 2022by finandlaw-admin
Legal AlertNewsDoing Business in Tanzania: Updated Legal and Regulatory Compliance
20 November 2021by finandlaw-admin
INTRODUCTION Between 09th July and 28th September 2021, the President of the United Republic of Tanzania assented into law various amendments of laws that were passed by the Parliament. The Amendments makes numerous changes on various laws to curter for among others, compliance, and regulatory business environment in Tanzania. This update, therefore, reviews some of the amended...
NewsReview of the Updated Tax Laws in Tanzania
11 November 2021by finandlaw-admin
INTRODUCTION On 08th October 2021, the Government of Tanzania published a set of new Tax Regulations that provides and carters for efficient tax administration but also streamline the tax exemption process and procedures. The Regulations issued are: The Tax Administration (Remission of Interest and Penalties) (Revocation) Regulations 2021 Government Notice No. 713 of 2021 The...
The Government of Tanzania has granted amnesty for illegal firearm owners to surrender their illegal owned Firearms and Ammunition within a period of 30 days between 01st November 2021 to 30th November 2021. According to the Government Notice No. 774 of 2021, namely, Exemption of People surrendering Firearms Notice, 2021 that was issued by the...
NewsBank of Tanzania to Conduct Quarterly Survey of Companies with Foreign Liabilities In Tanzania, 2021
16 August 2021by finandlaw-admin
The Bank of Tanzania (BOT) in collaboration with Tanzania Investment Centre (TIC) and the National Bureau of Statistics (NBS) will conduct a quarterly survey of companies with foreign liabilities in Tanzania, in 2021 during August – October 2021 as communicated in their joint Press Release of 10 August 2021. The survey will be conducted through...
The Government of Tanzania through the Ministry of Home Affairs (under the Office of Registrar of Societies) has issued new directives to change the status of all existing Certificates of Registration of Societies from permanent registration to time based registration. According to the Public Statement from the Registrar of Societies dated 10th August 2021 notified...
Legal UpdateThe Finance Act, 2021 -The Legislative Amendments and their Fiscal Implications
1 August 2021by finandlaw-admin
INTRODUCTION The Finance Act, 2021 (Act No. 3 of 2021) has amended 22 revenue and other related laws in Tanzania with a view to imposing and altering certain taxes, duties, levies, and fees in order to enhance the collection and management of public revenues. The amended laws are The Companies Act, Cap. 212; The Electronic...
NewsCompliance Alert: Important Tax and Regulatory Compliance dates for June 2021
2 June 2021by finandlaw-admin
Our Tax and Regulatory Compliance Team shares the important Tax and Regulatory Compliance dates for the month of June 2021.
Legal UpdateTanzania Embraces Investment in Wildlife Conservation: Its Regulation and Application
1 June 2021by finandlaw-admin
Introduction The Government of Tanzania through the Minister for Natural Resources and Tourism, in the exercise of his legislative power under Section 121(c) and (f) of the Wildlife Conservation Act, Cap. 283, has issued new Regulations, “The Wildlife Conservation (Special Wildlife Investment Concession Areas) Regulations, 2021, G.N. No. 397 of 2021” to regulate investment in...
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