TAX LAW UPDATE: DEFINING WHAT STAMP DUTY LEVY IS AND RECOGNIZING INSTRUMENTS THAT ARE CHARGEBLE WITH STAMP DUTY UNDER THE STAMP DUTY ACT CAP 189 REVISED EDITION 2006
August 11, 2018
Meaning of stamp duty Brief discussion of provisions of the Stamp Duty Act R.E 2006 (“the Stamp Duty Act”) that require instruments to be charged with stamp duty List of instruments that are chargeable with stamp duty Consequences of not complying with the Stamp Duty Act (Among other consequences, the instrument may not be admitted […]Read More
July 10, 2018
1.0 Introduction. 2.0 Fiscal Policies for 2018/19. 3.0 Policy and Strategies to Increase Revenue for the year 2018/19. 4.0 Expenditure Policies for the year 2018/19. 5.0 Priority Areas for 2018/2019. 6.0 Reforms of the Tax Structure, Fees, Levies and other Revenue Measures. 7.0 Budget Structure for the Year 2018/19. 8.0 Conclusion. 1.0 Introduction On […]Read More
BANKING AND FINANCE LAW UPDATE: ELECTRONIC CLEARANCE OF CHEQUES (BILLS OF EXCHANGE) UNDER THE TANZANIA AUTOMATED CLEARING HOUSE RULES, 2015.
June 25, 2018
The Rules replace manual clearance and introduce electronic clearance of bills of exchange. Time for clearance of bills of exchange reduced to one day. The roles of the Clearing and Collecting Banks vis-à-vis the drawers and beneficiaries. 1.0 Introduction A bill of exchange is defined under Section 3 (1) of the Bills of Exchange Act, […]Read More