BANKING AND FINANCE LAW UPDATE: THE BANK OF TANZANIA ISSUES POLICY MEASURES TO PROMOTE CREDIT TO THE PRIVATE SECTOR AND LOWER INTEREST RATES
September 7, 2021
Reduction of the Statutory Minimum Reserves (SMR) requirement. Relaxation of agent banking eligibility criteria. Limitation of interest rate paid on mobile money trust accounts. Introduction of a special loan to banks and other financial institutions. Reduction of risk weight on loans. 1.0 Introduction On 27th July 2021, the Bank of Tanzania (“BOT”) issued a public […]
Read MoreINTELLECTUAL PROPERTY UPDATE: FREQUENT ASKED QUESTIONS (FAQs) ON COPYRIGHT PROTECTION IN TANZANIA
August 18, 2021
What is Copyright? Copyright is the sole legal right to print, publish, perform, film or record a literary, artistic or musical work. What are the laws that govern Copyright in Tanzania Mainland? In Tanzania Mainland copyright is governed under the Copyright and Neighboring Rights Act, “the Act” Chapter 218 (Revised Edition of 2002), Copyright and […]
Read MoreTAX LAW UPDATE: TAX REFUNDS IN TANZANIA; THE PRACTICE AND PROCEDURE FOR REFUND OF TAXES PAID IN EXCESS
August 11, 2021
Taxpayer’s eligibility to refund of tax paid in excess. The mode of making the application for a refund. Limitation period within which to make an application. Timelines for the Commissioner General to make his final decisions. The procedure for payment of the refund to the taxpayer. VAT refund. Power of the Commissioner General to offset […]
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