Tax Remission of Interest and Penalties 2020

Following the expiry of Tax Amnesty Order, the Government has, effective 8 May 2020, issued the Tax Administration (Remission of Interest and Penalties) Regulations 2020 to provide guidelines to eligible applicants who make voluntary disclosure the TRA Commissioner General to apply for remission of interest or penalties. The main criteria to apply for remission is financial … Read more

Land Offices 2020

The Minister for Lands presented a Budget Speech in Parliament on 11 May 2020 and in this Speech the Minister confirmed (see paragraph 34 at page 21) that: Despite introducing the 9 Zonal Land Offices to cater for all land administration in Tanzania, a lot of people still faced hardships in reaching the designated Zonal … Read more

Tanzania PPP Regulations 2020

See below a summary update of the new PPP Regulations 2020: Market sounding will be conducted by Contracting Authority, or PPP advisor acting on behalf of the Contracting Authority, during or following the preparation of the Feasibility Study. Any market sounding shall not (a) distort competition or efficiency among potentially interested entities; or (b) undermine the principles of fairness, … Read more

Mining in Tanzania – Minimum Shareholding Requirements – March 2020

Under the Mining (Minimum Shareholding and Public Offering) Regulations 2016, as amended by the Mining (Minimum Shareholding and Public Offering) (Amendment) Regulations 2017, a holder of a Special Mining Licence (SML) had the following obligations: To maintain a 30% total issued and paid up shares as a minimum local shareholding (see Regulation 4(1)). To obtain … Read more

Latest News

Shareholder Beneficial Ownership – BRELA notification
Business Registrations and Licensing Agency (BRELA) extended the time for submission of information on beneficial ownership of shares for 12 months to 31 December 2021...

Prime Minister gives assurance to investors
The Prime Minister Kassim Majaliwa has assured investors that the government will make everything possible to end challenges affecting investments in Tanzania, including reviewing...

Development of Small Power Project Rules 2019
The Electricity (Development of Small Power Project) Rules 2019 GN 45 replace the earlier 2018 Rules.