The Government of the United Republic of Tanzania, on 28th September 2021, published the Written Laws (Miscellaneous Amendments) (No. 3) Act, Act number 5 of 2021, hereinafter referred to as the Act. The Act, among others, amended various written laws, including the amendment of the Companies Act, (Cap 212 R.E. 2002) of the laws, hereinafter referred to as the Companies Act.
NGOs PRACTICE AND TAX LAW UPDATE: TAXATION OF NGOs IN TANZANIA
There is an assumption that Non-Governmental Organizations (NGOs) are tax free entities due to their nature of work. NGOs are known to promote righteous causes to targeted groups in the community.
CORPORATE SECRETARIAL LAW UPDATE: AMENDMENTS OF THE ZANZIBAR COMPANIES ACT NO. 15 OF 2013 REGARDING COMPANIES REGISTERED IN TANZANIA MAINLAND
A brief overview of the new legal requirements for foreign companies registered in Zanzibar. Summary of the amendment of the Zanzibar Companies Act enunciated in the Finance Act No. 3 of 2021. The legal implications on the new amendments on Foreign companies registered in Zanzibar 1.0 Introduction The Revolutionary Government of Zanzibar on the 24th June 2021 […]
FINANCE LAW UPDATE: THE FINANCE ACT, 2021 INTRODUCES MEDIATION OF TAX APPEALS IN TANZANIA.
A general overview of the amendment. What to expect after the introduction of mediation. General concerns on the amendment and its applicability. A call to taxpayers and the Tanzania Revenue Authority Should we consider other ADR methods? Should we consider mediation at stages before appeals? 1.0 Introduction Settlement of tax disputes in Tanzania has for […]
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