Breakthrough Attorneys has prepared this Article as a guide to businesses and service providers on the current limitations on foreign currency transactions in Tanzania.
FINANCE AND TAX LAW UPDATE: OVERVIEW OF THE TAX AND NON-TAX CHANGES FOR TANZANIA AS PER FINANCE ACT 2024
Fiscal receipt is a mandatory requirement for local purchases for income tax Rental of construction machinery and equipment attracts WHT at the rate of 10% Service of documents between the Commissioner General and Taxpayers by electronic means acceptable Admission of notices of objection made clearer Value of 1 currency point increased to TZS 20,000 Supply […]
INVESTMENT UPDATE: THINGS TO CONSIDER WHEN ACQUIRING A HOTEL BUSINESS IN ZANZIBAR
Investing in Zanzibar is highly commendable and certainly, lucrative. Investments in Zanzibar are channeled mainly through the guiding and regulating arm of Zanzibar Investment Promotion Authority(ZIPA). The likelihood is for the hotel business to be at the seafront,hence ZIPA does not have much land bank for this type of investment and therefore, investors are expected to purchase such lands from other private owners and submit such lands for investment redesignation and land lease certification.
INTELLECTUAL PROPERTY LAW UPDATE: NAVIGATING THE IPR LANDSCAPE IN TANZANIA AS A CORNERSTONE FOR TANZANIAN EMERGING VENTURES.
The Tanzanian Startup Association (TSA) and Breakthrough Attorneys are excited to present this Article series highlighting the significance of intellectual property rights in protecting and nurturing innovative emerging businesses, the underlying legal framework, and also underscores the benefits of intellectual property (IP) registration for startups, addresses challenges in intellectual property rights (IPR) protection, and provides actionable recommendations.
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