LIFTING THE CORPORATE VEIL! DIRECTORS BEWARE, THE COURT MAY ORDER DIRECTORS TO PERSONALLY PAY THE COMPANY’S LIABILITIES

14 April 2026by finandlaw-admin

KEY POINTS The Court has considered the circumstances under which the corporate veil of a company may be lifted in order to enforce a Court decree. Considering the prolonged failure to satisfy the decree, the unsuccessful execution attempts, and the director’s role within the company, the Court concluded that exceptional circumstances had been established which...

Weekly Update

Week 15 of 2026: 08th to 10th April 2026

13 April 2026by finandlaw-admin

08th Apr 2026 Source: The Citizen AFRICAN DEVELOPMENT BANK OUTLINES STRATEGY TO BOOST DOMESTIC REVENUE IN AFRICA The African Development Bank has unveiled a strategic framework built on five key pillars to strengthen domestic revenue mobilization across African countries, underscoring its importance in financing development and enhancing economic resilience. The pillars include improving tax policy...

Weekly Update

Week 14 of 2026: 30th March to 02nd April 2026

8 April 2026by finandlaw-admin

30th Mar 2026 Source: Daily News GOVERNMENT STRENGTHENS FUEL OVERSIGHT WITH NEW TRA PROCEDURES The Tanzania Revenue Authority (TRA) has introduced new procedures to enhance oversight of fuel distribution, assuring the public that the country has sufficient fuel supply and that recent challenges are not linked to shortages. Speaking during an inspection tour of fuel...

Weekly Update

Week 13 of 2026: 23th to 27th March 2026

30 March 2026by finandlaw-admin

23rd Mar 2026 Source: The Guardian TRC–MALAYSIA PARTNERSHIP COMPLETES SIX LOCOMOTIVES Tanzania Railways Corporation (TRC) has successfully assembled six locomotives under a multi-billion-shilling initiative aimed at transforming the Pugu workshop into a full-scale assembly plant capable of producing up to 30 locomotives annually. The Director General of TRC, Masanja Kadogosa, briefed legislators during a tour...

Legal Update

KEY CHANGES INTRODUCED BY THE SOCIAL SECURITY SCHEMES (BENEFITS) (AMENDMENT) REGULATIONS, 2025

25 March 2026by finandlaw-admin

KEY POINTS On 18th December 2025, the Minister of State, Prime Minister’s Office, Labour, Employment and Relations has issued the Social Security Schemes (Benefits) (Amendment) Regulations, 2025 through Government Notice No. 695 of 2025. The Amendment Regulations amend the Social Security Schemes (Benefits) Regulations, 2018 (the Principal Regulations), which govern benefits payable under mandatory social...

Weekly Update

Week 12 of 2026: 16th to 20th March 2026

16 March 2026by finandlaw-admin

16th Mar 2026 Source: Daily News PARLIAMENTARY COMMITTEE RECOMMENDS TISEZA TO MANAGE BUZWAGI SPECIAL ECONOMIC ZONE The Parliamentary Standing Committee on Governance, Constitutional and Legal Affairs has recommended that management of the Buzwagi Special Economic Zone (BSEZ) be transferred to the Tanzania Investment and Special Economic Zones Authority (TISEZA). The proposal, submitted through the President’s...

Weekly Update

Week 11 of 2026: 09th to 13th March 2026

14 March 2026by finandlaw-admin

09th Mar 2026 Source: The Citizen EAC ADOPTS MAJOR REFORMS TO STRENGTHEN STABILITY AND REGIONAL COORDINATION The East African Community (EAC) has introduced sweeping reforms aimed at restoring stability and accelerating regional integration following months of financial strain. During the 25th Ordinary Summit of EAC Heads of State held in Arusha, regional leaders adopted a...

Legal Update

TAX EXEMPTION REQUIREMENTS FOR NGO’s IN TANZANIA 2026

10 March 2026by finandlaw-admin

KEY POINTS Treaties, donor funding arrangements, or MOUs with Government ministries do not automatically grant tax exemption. Under Section 10 of the Income Tax Act, 2004, tax exemption must be effected through a Ministerial Order published in the Government Gazette. Without publication, the exemption is legally invalid. Charitable or public health activities alone are not...

Weekly Update

Week 10 of 2026: 02nd to 06th March 2026

9 March 2026by finandlaw-admin

02nd Mar 2026 Source: The Guardian TANROADS REPORTS MAJOR INFRASTRUCTURE GAINS AS NEW PROJECTS BEGIN The Tanzania National Roads Agency (TANROADS) has announced the completion of several high-priority road and bridge projects in the Ruvuma Region, marking a significant upgrade to the region’s transportation network. During a Regional Consultative Council (RCC) meeting at Songea Club...

LIFTING THE CORPORATE VEIL! DIRECTORS BEWARE, THE COURT MAY ORDER DIRECTORS TO PERSONALLY PAY THE COMPANY’S LIABILITIES

Week 14 of 2026: 30th March to 02nd April 2026

Week 13 of 2026: 23th to 27th March 2026

Week 11 of 2026: 09th to 13th March 2026

TAX EXEMPTION REQUIREMENTS FOR NGO’s IN TANZANIA 2026

Week 10 of 2026: 02nd to 06th March 2026

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