The Tanzanian economy is well known to be dependent on the Agriculture sector. Tanzania is well known to be among the leading Cashewnut producers in Africa. Areas known predominantly for Cashewnut cultivation include the southern coastal regions of the country, near the towns of Mtwara, Kilwa and Dar es Salaam. The Cashewnut Board of Tanzania (CBT) is entrusted with the responsibility of regulating the development of the Cashew Industry in Tanzania. In undertaking its mandated roles the CBT puts more emphasis in improving efficiency and effectiveness in the Cashewnut sub sector in order to meet requirements of different stakeholders thereby enabling them to contribute to the national development. The Board is established under section 3 of the Cashewnut Industry Act No.18 of 2009.
CORPORATE SECRETARIAL UPDATE : AMENDMENT TO THE COMPANIES ACT (CAP 212) UNDER THE WRITTEN LAWS (MISCELLANEOUS AMENDMENTS) (NO 3) ACT, ACT NO. 5 OF 2021 IN TANZANIA.
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 […]
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