(An exposé on the Hadija Arerary vs. Tanzania Postal Bank case) Big relief to banking institutions in Tanzania regarding spousal consent when undertaking a mortgage for a matrimonial property. Spouses should be more vigilant before mortgaging their matrimonial properties to avoid the possibility of losing them in event where they default payments. Wife claims […]
TAX LAW UPDATE: TANZANIA INTRODUCES A NEW REGULATION FOR AMNESTY ON INTERESTS AND PENALTIES; AN OVERVIEW OF THE TAX ADMINISTRATION REGULATIONS, 2020
Regulations to apply to persons assessed with interest or penalty under the Tax Administration Act or any Other Tax Law in Tanzania Applications to be submitted to the Commissioner General by a taxpayer or his representative Waiver of interests and penalties can be full or partially on overdue tax. Eligibility criteria to apply for the […]
Tax Law Update: Power of the Commissioner General TRA to Issue Agency Notices in Tanzania: A quick look into the Tax Administration (General) (Amendments) Regulations, 2020
Defining “Agency Notices” in tax law perspective A summary of the law in place in Tanzania Scope of amendment and implications to the powers of Commissioner General TRA to issue Agency Notices. 1.0 Introduction On 27th February 2020, the Ministry of Finance and Planning passed the Tax Administration (General) (Amendments) Regulations, 2020 (hereinafter referred to […]
Real Estate Investment Trusts (REITs); Volume 1: Investing in Real Estate Investment Trusts
The concept behind Real Estate Investment Trusts (REITs) The law behind REITs in Tanzania Regulation and Operations of REITs in Tanzania Introduction: REITs stands for Real Estate Investment Trust which essentially is an income generating real estate ownership system, based on some sort of equity holding in an entity which conducts such real estate development. […]
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