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FB Attorneys

Beneficial Ownership Threshold now 5%

In April 2021 a new law with wide-ranging implications for all businesses was passed in Zambia, the Cyber Security and Cyber Crimes Act, 2021. Whilst the Act made it clear that critical information infrastructure would be subject to regulation, the Mini..

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FB Attorneys

Jurisdiction of the Board in Tax Decisions still a Nightmare

In what seems to be the Court of Appeals’ consistent position on appealability of some tax decisions, the Court has recently cemented its position that only objection decisions of the Commissioner General made under the Tax Administration Act are appealable to the T..

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FB Attorneys

Court of Appeal Restores Property Auctioned Two Decades Ago

On 13 April 2022, the Court of Appeal of Tanzania (the Court) in a judgment authored by Justice Issa Maige, JA and bench comprising of Justices M.A. Kwariko and Justice A.M. Mwampashi, in Civil Appeal No...

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FB Attorneys

Tax Ombudsman Regulations Issued

To enhance and protect tax payers’ rights against potential abuse by tax officers, in 2019, the Parliament of Tanzania made amendments to the Tax Administration Act of 2015 (the Act) to establish the office of Tax Ombudsman Service (the Service). The office is man..
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FB Attorneys

Online Content Regulations Overhauled

In a bid to ensure proper regulation and monitoring of online services in Tanzania, the Minister for Information, Communication and Information Technology has amended the Electronic and Postal Communications (Online Content) Regulations, GN. No. 538 of 2020 via GN N..

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FB Attorneys

Penal Code and other laws amended

On 8 March 2022, the Written Laws (Miscellaneous Amendments) Act, No. 1 of 2022 (the Act) came into force. The Act aims at effecting amendments in various laws including the Criminal Procedure Act (CPA), the Economic and Organized Crimes Control Act, the National Prosecution..
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FB Attorneys

Anti-Money Laundering Act to be amended

The Government has tabled the Anti-Money Laundering (Amendment) Bill of 2022 in the National Assembly.

 

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FB Attorneys

Various Tax Regulations Issued

  • Remission of Interest and Penalties Regulations revoked
  • VAT General Regulations amended
  • VAT Exemption Management Procedures Regulations promulgated

 

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FB Attorneys

90 Days to Disclose Beneficial Ownership

  • Grace period for compliance expires on 31 December 2021
  • Disclosure forms available online
  • Failure to comply amounts to an offence

 

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