UPDATE: CHANGES TO THE MINING ACT IN TANZANIA

There have been significant changes to the mining- legal regime in Tanzania. The Mining (Local Content) Regulations, 2018 which were included in the Written Laws (Miscellaneous Amendments) Act No. 7 of 2017: These Regulations were enacted following the Amendments of the Mining Act, 2010. These Regulations have to be followed by contractors in order to [...]

UPDATE: CHANGES TO MERGERS THRESHOLD IN TANZANIA

The Fair Competition (Threshold for Notification of a Merger) (Amendment) Order 2017: The changes to mergers in Tanzania are to the following effect: In this, the Fair Competition Commission increased notification of a merger threshold From Tanzanian Shillings 800 million to Tanzanian Shillings 3.5 billion. The calculation of the threshold is calculated based on the [...]

UPDATE: TAX LAW CHANGES IN TANZANIA

Changes to The Value Added Tax Act [CAP 148] in Tanzania: This Act was amended in the Written Laws (Miscellaneous Amendments) Act No.3 of 2017. This Act is amended under Section 6 which now gives the Minister of Finance power to grant VAT exemptions in respect of projects funded by donor funds or concessional loans [...]

UPDATE: LAND ACT TANZANIA

Amendment of the Land Act, The Written Laws (Miscellaneous AmendAdd Newments) Act No.1 of 2018 : This Amendment provides that any person may mortgage his land or property so as to obtain a loan from a local or foreign bank or financial institution. This amendment also provides that the money which will be obtained after [...]

UPDATE: AMENDMENT OF INSURANCE ACT IN TANZANIA

There have been recent amendments to the  Insurance Act [CAP 394] of Tanzania: The Miscellaneous Amendments Bill (No.2 of 2017) amends the Insurance Act (No.10 of 2009) The Commissioner of Insurance now has powers to set minimum rates of premiums payable for different classes of insurance by publishing the orders in the Government Gazatte. This [...]