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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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Bowmans

Tanzania: Kiswahili the general rule and English the exception as languages of Tanzanian law and courts

The Parliament of Tanzania has passed a law (Written Laws Miscellaneous Amendment Act, 2021 no.3/2020) to amend various laws, among others, to declare Kiswahili as the official language of the laws of the country and the language to be used in the administration and dispe..

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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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Clyde & Co.

Performance Security Bonds in Tanzania

A Performance Security Bond (Performance Bond) is a contract of guarantee in which one party (the Guarantor) promises to discharge the liability of a third party in the event of default. Performance Bonds are designed to ensure the performance of duties by parties t..

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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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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 Registrar).

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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 scenario, specifically after the l..

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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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