Governing legislation and regulations. A look into the shifting paradigms in payment systems; from paper to electronic mediums Application requirements for licenses by banks, financial institutions, non-banks and non-financial institutions. The Bank’s stand on digital cryptocurrencies such as Bitcoin Conclusion 1.0 Introduction Technological changes have led into a drastic shift from paper based payment system […]
THE LAW, PRACTICE AND PROCEDURE ON ALTERATION OF MEMORANDUM AND ARTICLES OF ASSOCIATION OF A COMPANY IN TANZANIA.
1.0 Introduction Alteration of the memorandum and articles of association is permissible for companies registered in Tanzania. This may be done when a company seeks to alter its objects contained in its memorandum or when the company is converted from private to public and vice versa. The Corporate Department at Breakthrough Attorneys has believes that there is less information on the law, […]
Highlights of the Finance Bill, 2017
Abolition of annual motor vehicle license and increase of excise duty on fuel. Abuse of charitable status by charitable organizations addressed. Withholding tax to small and medium scale miners. Emphasis on Government e-payment system (GePG). Abolition of VAT on transit goods to be consumed outside Tanzania. The Finance Bill, 2017 (“The Bill”) dated 2nd June, […]
Transfer of Foreign Currency from Tanzania; The Governing Law and Procedure
• Impact of the centralized economy on foreign currency transfers. • Roles and Responsibilities of the Banks, Financial Institutions and Authorized Cash Dealers. • Bureau De Change vested with a new role of foreign currency transfer. • Transfer of Foreign Currency by Investors. • Limit of Foreign Currency to Residents travelling abroad. • Financial Crimes […]
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