The Additional requirements for Residence permits Class A and B Uncodified requirements are largely practical on the ground and not 1.0 Introduction: Recently, the office of the Commissioner-General, Ministry of Home Affairs Immigration Department, Tanzania, introduced some new developments regarding Class A and B residence permit applications. The new developments are introduced following the taking […]
THE BANK OF TANZANIA ISSUES NEW DIRECTIVES FOR LICENSING AND OPERATIONS OF BUREAUX DE CHANGE IN TANZANIA
In Brief Time frame: Three (3) months grace period. Compliance: cessation of new registration, re-licensing and assessment of bureaux de change. Reference: Government Notice No. 223 of 2nd June, 2017 Content of the order The Bank of Tanzania (BOT)through its letter referenced FB.69/256/01 dated 21st June, 2017 has issued directivesrelated to operations of Bureaux de […]
The Fair Competition Commission Introduces a New Threshold for Notification of a Merger and Acquisition in Tanzania
Threshold for Notification increased from TZS 800 Million to TZS 3.5 Billion. Basis for calculation of threshold amount widened to include turnover of the merging firms. The Fair Competition (Threshold for Notification of a Merger) (Amendment) Order, 2017 has introduced new prescribed threshold that requires a mandatory notification to the Fair Competition Commission (FCC) upon […]
Summary of the Finance Act, 2017
Abolition of annual motor vehicle license and escalation of excise duty on fuel. Abuse of charitable status by charitable organizations addressed. Withholding tax to small and medium scale of miners. Emphasis on Government e-payment system (GePG). Abolition of VAT on transit goods to be consumed outside Tanzania Government and public authorities to open accounts with, […]
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