A Microfinance Bill has been published on 5 November 2018. It is set to regulate licensing and registration of deposit and non-deposit taking microfinance business in 4 tiers: Tier 1 – deposit taking microfinance service providers, such as banks and microfinance banks. Tier 2 – non-deposit taking microfinance service providers, such as credit companies and financial … Read more
With effect from 8 February 2018 there are new constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018). In short, finance from local or foreign banks (or financial institutions) obtained by mortgages of: any Tanzanian land, must be invested in Tanzania; any un/under developed Tanzanian land, must be used … Read more
TANESCO has published the following 3 Invitations for Qualification: TANESCO IFQ – Large Wind dated 18 September 2018 TANESCO IFQ – Coal dated 18 September 2018 TANESCO IFQ – Large Solar dated 18 September 2018 We have an extensive local energy and projects practice and can assist on any of these IFQs. Please contact us if you have any comments or … Read more
VELMA Law is proud to have been of assistance with it’s pro bono work to set up, and continue to assist, Tanzania Sea Rescue with its legal and constitutional requirements. Hear more about Tanzania Sea Rescue on the BBC World News . “Being a fisherman can be a very dangerous profession. If you’re lucky, you live … Read more
The Public Private Partnership (Amendment) Act 2018 will permit (see section 15(2) PPP Act, as amended) exempt unsolicited proposals from competitive tendering in the following circumstances: the project shall be of priority to the Government at the particular time and broadly consistent with the government strategic objectives; the private proponent does not require Government guarantee or any … Read more
Please see this pdf version of the revised 2017 Global Public-Private Partnership (PPP) Guide in which we have written a section on Tanzanian PPPs, collated and prepared by Cakmak Attorneys at Law, one of the most respected top-tier law firms in Turkey.
TRA has published a fact sheet with Taxes and Duties at a Glance as at July 2018. Please contact us if you have any comments or questions.
Mining Commission has published Guidelines for Submission of Local Content Plans 2018. Please contact us if you have any comments or questions.
TRA has issued a TRA Tax Amnesty Notice 11 July 2018 further to the Finance Act 2018. A taxpayer must submit form ITX207.01.E which is found on the TRA Website. Please contact us if you have any comments or questions, so we can advise you further.
Copy of Budget Speech 2018 by Minister for Finance and Planning for the estimate of government revenue and expenditure for 2018/19. This shall be debated in Parliament and a resultant Finance Act shall be enacted of the approved provisions. NB not all the proposals are certain to make it through. Please contact us if you have any … Read more