2021 - 2021-06-30
Tanzania Budget Brief 2021-2022
On 10th June 2021, The MoF presented the first budget of the 6th phase of Government under the leadership of Her Excellency Samia Suluhu Hassan, president of the United Republic of Tanzania.
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2021 - 2021-05-30
Disclosure of Beneficial Owners
Government Notice No. 391 and No. 386 of 14th May 2021, were published by the Ministry of Industry and Trade, to the effect that all companies are required to disclose beneficial owners.
This is the result of the Amendment of section 2 of the Companies Act, 2002 (the Act) by the Finance Act of 2020 to include the Beneficial Owners as one of the requirements to be reported to the Registrar of the Companies (the Registrar). Following this, the Companies (Beneficial Ownership) Regulations, 2021 (the regulations) came into operation.
Read more2021 - 2021-04-23
Tanzania: Update on the Companies Act (January 2002)
The Bill proposes amendments to various laws including the Companies Act, 2002 (the Act) which is the focus of this alert.
Read more2021 -2021-04-22
Tanzania Tax Alert: Qualification for Tax Deduction
Entities may face a challenge to demonstrate that their expenses incurred meet the qualifying test of wholly and exclusive principle as provided under the Tanzanian tax laws.
Read more2021 -2021-03-31
Kenya: Voluntary Tax Disclosure Program
You now have a chance to have your penalties waived if you disclose your past tax liabilities.
Read more2021 -2021-01-14
Rwanda: Tax Alert on New Transfer Pricing Rules, 2020
Ministerial Order No. 003/20/10/TC of 11/12/2020 Establishing General Rules on Transfer Pricing came into effect on 14 December 2020 with the publishing of Official Gazette No. 40 of 2020. For the first time, Rwanda now has elaborate TP rules which are consistent with international practice.
Read moreWorldwide Tax Guides -2020-11-17
PKF Worldwide Tax Guide
PKF International Limited has released the 2020-2021 PKF Worldwide Tax Guide (WWTG) to provide international businesses with the answers to these key tax questions.
Read more2020 -2020-07-17
PKF Kenya 2020 - 2021 Quick Tax Guide
The Tax Guide includes amendments up to and including the Finance Act 2020 and the Tax Laws (Amendment) Act 2020
Read more2020 -2020-07-10
Amendments Non-Citizen (Employment Regulation) ACT, 2015.
Electronic System Application and Issuance of Work Permits Legalized.
For the past two months, the work permits have been issued electronically however, the same was not provided for in the law. Probably that was to test the efficiency of the system (testing stage).