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Clyde & Co.

Tanzania Companies Act: New deadline for submission of the information in relation to beneficial owners

This briefing highlights the recent extension by the Minister of Industry and Trade (the Minister) of the deadline for submission of beneficial ownership information to the Registrar of Companies (the Registra..

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Clyde & Co.

Financial Institutions in Tanzania have the right to claim outstanding loan balances from borrowers after mortgaged properties sale

The Tanzanian Court of Appeal has put forward a judgement in relation to the right of financial institutions to claim the outstanding loan balance from borrowers after sale of the mortgaged properties. We take a closer look at this sc..

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Clyde & Co.

Tanzania year in review 2021

As the year draws to a close, we provide a summary of sector-specific legislative changes that occurred in 2021.

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Clyde & Co.

Tanzania legislative development: trade and service marks

In this article, we analyse the amendments made to the Trade and Service Marks Act (the TSM Act¹) introduced by the 2021 Written Laws Miscellaneous Amendments Act (the Amendment Act²).

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Clyde & Co.

Update on the amendments to the Non-Citizens (Employment Regulation) Act in Tanzania

The 2021 Written Laws¹ recently amended the Non-Citizens (Employment Regulation) Act of 2015 (the Act). In this article, we explore the key changes made to the Act and how this will impact investors doing business in Tanzania and non-citize..

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Clyde & Co.

Intellectual property law and copyright infringement in Tanzania

Copyright infringement is the use of copyrighted material without the author’s permission. In mainland Tanzania, copyright infringement is principally governed by the Copyright and Neighbouring Rights Act.

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Clyde & Co.

Bank of Tanzania: New outsourcing guidelines for banks and financial institutions in Tanzania

In this month’s legal update, we provide an overview of the new Bank of Tanzania Outsourcing Guidelines for Banks and Financial Institutions, 2021 (the Guidelines) which were published on 17 June 2021. The Guidelines apply to all outsourcin..

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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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