Dentons EALC East African Law Chambers

Adapting to the Digital Economy: Taxation of Electronic Services in Tanzania As digital transactions reshape the global economy, Tanzania is stepping up with new tax policies aimed at electronic services. Through recent amendments in the Finance Act 2022, Tanzania now includes digital services in its tax base, addressing the need for modern revenue collection in the digital age. From VAT on digital services to specific regulations for non-resident providers, the framework marks a significant move toward taxing online transactions. But with these changes come challenges, such as enforcing compliance among global service providers and managing costs that could impact consumers. This article by Jema Rwihura and Stella Ndikimi explores these dynamics, outlining key aspects of the new tax framework and what businesses need to know. Read more about how these tax policies are shaping Tanzania’s digital economy. https://lnkd.in/ewbBuwvu).

Are you meeting the latest compliance standards? On 4 November 2024, the Tanzanian Mining Commission issued an important notice reminding all Mining Licence and Special Mining Licence holders to submit an updated Feasibility Study report in line with section 22(l) of the Mining Act, Cap. 123. Non-compliance will be deemed a default. If you have any questions regarding this compliance update, please do not hesitate to contact Tom Sipemba, Head of Energy and Natural Resources. https://lnkd.in/exQCFz4T

Dentons Australia, in collaboration with the Australia-Africa Minerals & Energy Group (AAMEG) the peak body representing Australian companies in Africa’s resources sector is delighted to host an exclusive event on Wednesday, 6 November 2024. We are particularly pleased to welcome our Head of Energy and Natural Resources, Tom Sipemba, who will be joining virtually to share invaluable insights into critical minerals in Tanzania’s mining sector. This session will provide stakeholders with key perspectives on the opportunities and challenges within this vital industry. Looking forward to a dynamic discussion on the future of #mining and #energy in Tanzania and beyond! 🌍⚡ If you haven’t registered yet, there’s still time: https://lnkd.in/gn2FghXP #DentonsAustralia #AAMEG #MiningIndustry #EnergyResources #AfricaResources #Tanzania

The recent decision of the Court of Appeal in the case of Nas Hauliers Limited (Nas Hauliers) versus Equity Bank Kenya Limited (Equity Bank Kenya) and Equity Bank Tanzania Limited (Equity Bank Tanzania) marks a pivotal moment in Tanzania's banking sector. At the heart of the dispute was a loan of US$16.275 million granted to Nas Hauliers by Lamar Commodity Trading DMCC (Lamar), in which Equity Bank Kenya and Equity Bank Tanzania provided a guarantee through a standby letter of credit (LC). Nas Hauliers defaulted on its obligation to repay, forcing Equity Bank Kenya to repay Lamar. Consequently, Equity Bank Kenya and Equity Bank Tanzania stepped in as creditors and sought to recover the outstanding amounts from Nas Hauliers, prompting Nas Hauliers to file a case at the High Court (Commercial Division) (the High Court) against both Equity Bank Kenya and Equity Bank Tanzania. In the said case, Nas Hauliers sought the intervention of the court. This article by Suzana Gikene and Stella Ndikimi delves into the subsequent appeal that reversed the initial judgment of the High Court, reaffirming the validity of banking guarantees and loan obligations, and the obligations of borrowers and guarantors. Click here to read more: https://lnkd.in/eUJrWefK

Objection proceedings are the formal process through which a party can challenge procedural and substantive issues before or during trial. Under the Civil Procedure Code, [Cap. 33 R.E 2019] of the laws of Tanzania (Civil Procedure Code) objection proceedings are preferred where one intends to challenge an attachment order issued by a court of competent jurisdiction where the objector has an interest in the property subject to the attachment order or is in possession of such property as at the date of attachment, and they were not a party to suit in which the order for attachment was granted. As is the case in many other jurisdictions, objection proceedings in relation to attachment or execution orders are not appealable. This means that, once a decision on an objection is made, it cannot be appealed to a higher court. Should Tanzania to reconsider its stance on the non-appealability of objection proceedings? click here to read more https://lnkd.in/eNRDKdNz sweetbert elgidius, Stella Ndikimi

I was delighted to attend the BRELA 2nd Stakeholders' forum with Stella Ndikimi and Caroline Mageni. The theme of the forum was Interoperability of Institutional Systems and Business Facilitation meant to foster deeper collaboration between BRELA and its stakeholders to improve the Tanzania's business environment. It was an insightful programme that promises better solutions to the BRELA ORS and enhance integration of institutional systems for best services. #innovation #dentons

Happy Diwali 🪔✨ https://lnkd.in/denh5Hcn

Last week, our partners (Stella Ndikimi, Tom Sipemba and George Fernandes) had the pleasure of joining colleagues and clients from around the world at the Africa Region Partner Meeting and Global Board Meeting in Mauritius. We came together to discuss how we can further strengthen our services and help clients unlock new opportunities across the continent. A heartfelt thank you to our gracious hosts, Dentons Mauritius Sivakumaren Mardemootoo and Priscilla Balgobin-Bhoyrul, for organising a truly outstanding week filled with important discussions. Special thanks to Noor Kapdi, whose visionary leadership continues to drive our expansion across Africa with new offerings with leading local firms Kouengoua Minou Nkongho Law Firm in Cameroon, Pathy Liongo & Associates in the Democratic Republic of Congo, Tamrat Assefa Liban Law Office in Ethiopia and LEGALIX AVOCATS in Senegal as we grow our presence in 17 countries, moving closer to becoming the leading law firm. We are excited to build on the momentum from these meetings and continue shaping the future of the legal landscape across Africa and help clients unlock new opportunities across the continent. Thank you to everyone who made this week such a success!

Dentons expands its Africa presence with new offerings with leading local firms Kouengoua Minou Nkongho Law Firm in Cameroon, Pathy Liongo & Associates in the Democratic Republic of Congo, Tamrat Assefa Liban Law Office in Ethiopia and LEGALIX AVOCATS in Senegal. The expansion in capabilities and expertise in these key countries will enhance our client offering in more locations in Africa than any other global law firm. Read more: https://lnkd.in/eijmd8f6

Happy Nyerere Day!