Summary,
The Government introduced in the February Session of Parliament, a Bill, which, among other things, is aimed at amending the Companies Act [Cap 212 R.E. 2002].
The proposed changes (in Part VI of the Bill) include the following.
On 18th August 2020, the Tanzania Revenue Authority (TRA) issued a public notice to require all employees to have a Tax Payer Identification
Number (TIN).
The reason behind the said requirement is the introduction of the new online system for tax collection known as Electronic Filing System of Tax Returns (E-filing). The system is set to facilitate companies or institutions on the following:
A firm of dedicated lawyers enjoying noticeable and prominent presence in the private legal practice industry in Tanzania.
