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2024 - 2024-03-20
The concept of substance over form in accounting
Substance over form is an accounting principle that requires companies to account for transactions based on their economic substance rather than their legal form or contractual arrangement.
Read more2024 - 2024-03-13
Understanding of Financial Close Process
Did you know that a robust financial close process is vital for your organization? This encompasses several critical aspects, including ensuring accurate financial reporting, compliance with regulatory requirements, facilitating timely decision-making, improving operational efficiency, effective risk management, and enhancing audit preparedness and stakeholder confidence.
Read more2023 - 2023-11-07
Tanzania- Highlights of the Immigration
The Minister of Home Affairs has published the Immigration (Amendment) Regulations, 2023. through the Government Notice no. 428 of 30th June 2023 to amend the Immigration Regulations of 1997. Besides these amendments, the recent one were in 2016 through the Immigration (Amendment) Regulations, 2016.
Read more2023 - 2023-11-06
Rwanda Data Protection Alert, October 2023
The Data Protection Law (No. 058/2021 of 13/10/2021) came into effect on 15 October 2021 and became enforceable from 15 October 2023. Data controllers and processors who are already in operation must now conform to the provisions of this Law.
Read more2023 -2023-10-04
PKF Kenya 2023 - 2024 Quick Tax Guide
This publication includes amendments up to the Finance Act, 2023 as assented on 30 June 2023 and does not include any legislative changes after that date. We also refer you to the important disclaimer on page 25 of this Tax Guide.
Read more2023 -2023-09-25
Tanzania- Finance Act Newsletter July 2023.
This newsletter is an update of our budget newsletter issued on 15 June 2023. The newsletter highlights and summarizes amendments of various taxes, duties, levies, fees relating to collection and management of public revenues.
Read more2023 -2023-09-25
PKF Alert - Amendment of Zanzibar Companies Act
The Revolutionary Government of Zanzibar on the 22nd December, 2022 published the Written Laws (miscellaneous Amendment) Act no. 10 of 2022.
Read more2023 -2023-09-25
Tanzania- Registration of Storage Facilities
As introduced by the Finance Act 2022 which came into effect from 1 July 2022, that any person who establishes a storage facility with the aim of keeping goods for business purpose shall register the facility with the TRA
Read more2023 -2023-09-25
Tanzania - PKF Budget Brief 2023-24
On Thursday, 15 June 2023, the Honorable Minister of Finance presented Tanzania’s Economic updates,Government budget and Tax reforms for the fiscal year 2023/24.
Read more2023 -2023-09-25
Tanzania-EPZA-Non-Compliance
The Board of Directors of Export Processing Zone Authority (EPZA) has noticed that most investors apply for renewal of licenses after the expiry contrary to requirements of regulation 16(4) of the Export Processing Zones (General) Regulations, 2003 (the EPZA regulations) which requires them to apply for renewal Three (3) months before expiry.
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