With the issuance of the Finance Act 2023 which comes into operation on 1st day of July, 2023, there are various tax and non-tax changes to our laws that have been enacted. Below, we have looked into the changes that are worth noting for your business or investment at this point
FINANCE AND TAX LAW UPDATE: OVERVIEW OF THE PROPOSED TAX AND NON-TAX CHANGES FOR TANZANIA AS PER FINANCE BILL 2023
With the issuance of the Finance Bill 2023 dated 19 June 2023, there are various proposed tax and non-tax changes to our laws that if passed will be enacted into law through the Finance Act from 1 July 2023. Below, we have looked into the changes that are worth noting for your business or investment at this point;
BANKING AND FINANCE LAW UPDATE: THE BOT ESTABLISHES ITS REGULATORY SANDBOX: A LOOK AT THE BANK OF TANZANIA (FINTECH REGULATORY SANDBOX) REGULATIONS, 2023
How the Regulations function To whom do the Regulations apply and criteria for eligibility How to apply to be in the Sandbox and Evaluation of the application Assessing the benefits of being in the sandbox Protection of IP Rights while incepted in the sandbox. Is it a concern? Exploring the timeframe for Fintechs to be […]
FINANCE LAW UPDATE: ANALYSIS OF THE NEW FOREIGN EXCHANGE REGULATIONS IN TANZANIA.
What do the Regulations say about investment in Securities? Are Foreigners eligible to invest in Government Securities? Requirement for Non-residents to have Securities Settlement Account Conditions for Foreign Credit Accommodation Agreements Issuance of securities in SADC and EAC member countries Maintaining Foreign Banks accounts and outward direct investment by Residents How are Export, Import, and […]
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