In Brief Time Frame: Thirty days (30) grace period for all non-citizens working in Tanzania to submit their work permits to the nearest labour office for verification. Compliance: All employers and non-citizens working in Tanzania. Penalty for default: Arrest and detention. Content of the order: Breakthrough Attorneys is aware that on Wednesday, 22nd February 2017, […]
TANZANIA BUSINESSES REGULATORY AND LICENSING AGENCY (BRELA) REQUIRES COMPANIES TO FILE ANNUAL RETURNS AND AUDITED FINANCIAL REPORTS BY 8TH MAY 2017
In brief Time Frame: Three months’ grace period from the date of notice for all companies to file their overdue returns. Compliance: All companies to file their annual returns accompanied with audited financial statements for every year of filing. Sanction for default: Company shall be struck off the Companies’ register and court action shall be […]
Import Duty Exemption For Investors Registered With Tanzania Investment Centre
Importation of goods in Tanzania attracts various taxes which include Import Duty, Excise Duty and Value Added Tax. All these taxes are levied on goods imported in the country. This means that investors both local and foreign will have to incur the expenses of paying the taxes imposed on importation of goods in Tanzania. However, […]
Mergers and Acquisitions in Tanzania
PROTECTION OF THIRD PARTIES’ INTERESTS IN MERGERS AND ACQUISITIONS IN TANZANIA 1.0 Introduction A merger means an acquisition of shares, a business or other assets, whether inside or outside Tanzania, resulting in the change of control of a business, part of a business or an asset of a business in Tanzania. This definition is provided for […]
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