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...

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...

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...

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

TAX EXEMPTION REQUIREMENTS FOR NGO’s IN TANZANIA 2026

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