The Personal Data Protection Commission (PDPC) has issued a final reminder to all public and private institutions in Tanzania that collect or process personal data to complete their registration and obtain a certificate of compliance under the Personal Data Protection Act. Key Requirement: Pursuant to Section 14(1) of the Personal […]
The Registrar of Companies issued a Public Notice on 6 January 2026, concerning annual statutory filing obligations. We therefore wish to remind our valued clients of their statutory obligation to submit for filing your company’s Annual Returns accompanied by Audited Financial Statements as approved at the annual general meeting, in […]
The Registrar of Companies issued a Public notice on 6 January 2026, reminding all companies incorporated or registered in Tanzania of their statutory obligation to submit to the Registrar of Companies information regarding Beneficial Ownership (BO) in their respective Companies. The Registrar has emphasized that any company that has not […]
In a significant policy shift aimed at protecting and promoting local entrepreneurs, the Government of Tanzania issued on 28th July 2025, Government Notice No. 487A of 2025, titled The Business Licensing (Prohibition of Business Activities for Non-Citizens) Order, 2025. This Order, made under Section 14A(2) of the Business Licensing Act […]
The Finance Act 2020 amended the Company Act, the Trustees Incorporation Act, the Anti-Money laundering Act and Income Tax Act introducing the concept of Beneficial Ownership aligning Tanzania’s Beneficial Owers identification protocols to international and reginal standards. The intension is to Identify the natural person and persons who ultimately own […]
KEY HIGHLIHTS: The Finance Bill, 2022 has proposed changes to the Companies Act, by amending the definition of a Beneficial Owner (BO) and providing that BO will have the meaning ascribed to it under the Anti Money Laundering Act (as amended) (AML Act); The definition of a BO under the […]
Who is a “Beneficial owner”? Who directly or indirectly ultimately owns or exercises substantial control over an entity or an arrangement; Who has a substantial economic interest in or receives substantial economic benefit from an entity or an arrangement directly or indirectly whether acting alone or together with other persons; […]
