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Articles Archive

TAX AND CORPORATE LAW UPDATE: INTRODUCTION OF ELECTRONIC FILING (e-Filing) OF TAX RETURNS IN TANZANIA BY THE TANZANIA REVENUE AUTHORITY (TRA)

August 25, 2020

The Tax Revenue Authority (TRA) has transitioned its tax returns filing system from the manual filing system to the new electronic filing system The process of filing tax returns electronically. Consequences of failure to electronically file the returns on time. 1.0 Introduction The Tax Revenue Authority (TRA) in Tanzania has issued directives regarding its newly […]

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FINANCE AND MINING LAW UPDATE: BANKING AND FINANCIAL SERVICES IN THE MINING SECTOR IN TANZANIA: UNDER THE SPOTLIGHT OF THE MINING (LOCAL CONTENT) REGULATIONS, 2018.

August 7, 2020

Salient provisions of the Mining (Local Content) Regulations, 2018 regarding procurement of banking and financial services by stakeholders in the Tanzanian mining sector Requirement to submit financial services sub-plan to the Tanzania Mining Commission The practical aspect of engaging foreign banks by mining stakeholders in Tanzania Mining stakeholders approach to the financial services requirements under […]

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FINANCE LAW UPDATE: COMMENTARY ON THE BANK OF TANZANIA’S POLICY MEASURES TO REMEDY AND CUSHION THE ECONOMIC IMPACTS OF COVID-19 IN TANZANIA

July 23, 2020

Reduction of the Statutory Minimum Reserves (SMR) requirement to 6 percent Reduction of the discount rate to 5 percent Reduced haircuts on Government securities Regulatory flexibility ensured to Lenders who opt for loan payment rescheduling Increase of daily transaction and wallet size limits for mobile money limits Encouragement of Digital payment to curb the use […]

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Featured Article

THE LAW, PRACTICE AND PROCEDURE ON ALTERATION OF MEMORANDUM AND ARTICLES OF ASSOCIATION OF A COMPANY IN TANZANIA.

September 12, 2017

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. Read More

Popular Articles

  • COMPANY VOLUNTARY WINDING UP: LAW AND PROCEDURE IN TANZANIA posted on March 8, 2017 | under Articles
  • NEW REGULATIONS ON WORK PERMITS IN TANZANIA posted on May 15, 2017 | under Articles
  • UPDATE ON TANZANIA SUCCESSION LAW: PROBATE AND ADMINISTRATION OF ESTATES LAW: PROTECTION OF BONAFIDE PURCHASER OF A PROBATED ASSET IN TANZANIA posted on December 10, 2018 | under Articles
  • LITIGATION LAW UPDATE: WHAT LITIGANTS SHOULD KNOW REGARDING THE RECENT AMENDMENTS TO THE TANZANIA CIVIL PROCEDURE CODE, CAP. 33 R.E. 2002; VOLUME I. posted on June 29, 2019 | under Articles
  • LABOUR LAW UPDATE; A GUIDE FOR TERMINATION ON OPERATIONAL REQUIREMENTS (RETRENCHMENT) TO EMPLOYERS IN TANZANIA posted on October 24, 2020 | under Articles

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Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.
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