Declare Dividends Tanzania: The Section 183 Procedure From Board Recommendation to Payment
How does a Tanzanian company declare dividends? The board confirms realised profits in the accounts and records that the company stays solvent after payment. It recommends an amount. The members declare it by ordinary resolution, never above the recommendation, unless the articles say otherwise. The company then withholds 10% or 5% tax and pays TRA within seven days after month end.
This guide explains how to declare dividends in Tanzania under the Companies Act, Cap. 212 R.E. 2023: profits, accounts, resolutions, payment records, withholding, foreign shareholders and Zanzibar.
What does it mean to declare dividends in Tanzania?
A dividend is a payment of profit to members in proportion to their shares. Declaring it is the formal decision that creates the company's obligation to pay. Until a valid declaration exists, money sent to a shareholder is not a dividend. It is a loan, a drawing or an unlawful payment, depending on the facts.
The procedure has three tests, applied in order. Company law asks whether the company may pay at all. The constitution asks who decides and how. Tax law asks how much must be withheld and when it reaches the Tanzania Revenue Authority (TRA).
This guide concentrates on the first two tests. Rates, treaty claims and the deemed dividend rule are covered in depth in our guide to withholding tax on dividends. This page summarises them only as far as the declaration needs.
What the law says
Chapter VI of Part VI of the Companies Act, Cap. 212 R.E. 2023 holds one section, section 183, headed "Dividends". It was section 180 in the 2002 Act as enacted. We read the operative text in the copy published by the Office of the Attorney General through the Office of the Solicitor General e-Library, dated 1 July 2025.
Section 183(1) lets a company declare dividends "in general meeting" for any accounting period or other period. Section 183(3) limits the source to realised profits and adds a directors' solvency belief. Section 183(2) requires a disclosure when members reject or vary the board's recommendation.
| Subject | Cap. 212 R.E. 2023 | What it does |
|---|---|---|
| Table A as default articles | s.12(2) | Table A applies so far as the registered articles do not exclude or modify it |
| Share premium account | s.61 | Premium is treated like paid up capital, so it is not a source of dividends |
| Register of members; closing it | ss.118, 123 | Fixes who holds what; the register may close for up to 30 days a year |
| Written resolutions | s.150 | Members may act by a resolution in writing signed by all who could vote |
| Directors' report | s.162(1) | States the amount, if any, the directors recommend as a dividend |
| Accounts sent and laid | ss.167, 169 | Copies to members 21 days before the meeting; laid within 10 months for a private company |
| Dividends | s.183 | Declaration, disclosure of a varied recommendation, distributable profits and solvency |
| Directors' duties | ss.185, 187, 188 | Good faith, proper purpose, care and skill |
| Members' sums in winding up | s.271(3) | Dividends owed to members rank behind outside creditors |
| Delinquent directors; wrongful trading | ss.385, 387 | Court may order repayment for misfeasance in a winding up |
Table A sits in the Schedule to the Act. Part II, for private companies limited by shares, applies Part I except regulation 22. Regulations 103 to 110 of Part I, under the heading "Dividends and Reserve", carry the default procedure. Most Tanzanian private companies adopt articles built on them.
Who should read this
- Directors and company secretaries of Mainland private companies preparing a first or annual dividend.
- Foreign parent companies that need cash from a Tanzanian subsidiary and a bank that will remit it.
- Founders and minority shareholders who want to know when a dividend can be demanded, and when it cannot.
- Finance teams that compute and pay the withholding tax.
- Owners of Zanzibar companies registered with the Business and Property Registration Agency (BPRA), for the points that differ.
Branches of foreign companies are outside this guide. A branch has no shareholders of its own and cannot declare a dividend. Its repatriated profit is taxed under a separate branch rule.
What profits can a company distribute?
Section 183(3) gives two permitted sources. A company may pay a dividend out of its realised profits less its realised losses. Or it may pay out of its realised revenue profits less its revenue losses, whether those losses are realised or unrealised.
Both limbs exclude unrealised gains. A revaluation surplus on land, a fair value gain on an investment not yet sold, or a currency gain on an open balance does not count. PwC Tanzania's overview of the 2002 Act reads the word "realised" as aimed at removing valuation adjustments, not at abandoning accrual accounting.
Three balances are never a dividend source:
- Share capital. Returning capital needs a reduction under section 71, by special resolution, with the directors' certificate of solvency under section 72.
- Share premium. Section 61 applies the reduction rules to the share premium account as if it were paid up capital.
- Shareholder loans. Money a shareholder lent is repaid under the loan terms, not distributed.
The proviso then adds a solvency test. The directors must reasonably believe two things about the position immediately after payment. The company will be able to discharge its liabilities as they fall due. The value of its assets will not be less than its liabilities.
The R.E. 2023 copy prints "authorisable value" in that proviso. PwC quotes the 2002 text as "realisable value". We read the R.E. word as a printing slip and apply the realisable value test. Ask an advocate before relying on the difference in a dispute.
Which accounts must support the dividend?
Section 183 does not name a set of "relevant accounts" in the way some other jurisdictions do. It requires realised profits and a reasonable belief about solvency. The accounts are the evidence for both.
For a final dividend, use the annual accounts for the period. Section 162(1) requires the directors' report to state the amount, if any, the directors recommend as a dividend. Section 167 requires the accounts, the directors' report and the auditors' report to reach members at least 21 days before the meeting. Section 169(2) allows a private company 10 months from the end of its accounting period to lay them.
For an interim dividend, the annual accounts may be months old. Table A regulation 104 lets directors pay interim dividends that "appear to the directors to be justified by the profits of the company available for distribution". Prepare management accounts to a recent date, signed by the board, before an interim payment.
The audit matters here. Most Tanzanian companies need audited accounts, and banks remitting abroad ask for them. Our guide to the statutory audit explains the exemption question and the timetable.
Who declares a final dividend, and who pays an interim one?
Under the Act, members declare. Section 183(1) places the power in general meeting. Table A regulation 103 adds two limits: the declaration must follow the members' respective rights, and "no dividend shall exceed the amount recommended by the directors".
Members may therefore cut the recommended amount, but under Table A they cannot raise it. If they reject or vary the recommendation, section 183(2) requires a statement in the directors' annual report and in the annual return.
| Point | Final dividend | Interim dividend |
|---|---|---|
| Who decides | Members by ordinary resolution on the board's recommendation (s.183(1); Table A reg 103) | Directors, where the articles carry Table A reg 104 or similar |
| Accounts used | Annual accounts laid before members (ss.167, 169) | Recent management accounts showing profits available for distribution |
| When the debt arises | On declaration, payable on the stated date | Usually only on payment, since the board may revisit its decision before then |
| Usual meeting | Annual general meeting, or a written resolution under s.150 | Board meeting or written board resolution (Table A reg 94) |
| Disclosure | Directors' report states the recommendation (s.162(1)) | Shown in the next annual accounts |
The "when the debt arises" row reflects the common law position that English and Tanzanian practice share. We found no Tanzanian statutory text on it. Treat it as a point to confirm with an advocate if a dispute is possible.
Articles can depart from Table A. Some let directors declare final dividends, others require unanimous consent, and a shareholders' agreement may fix a payout policy or a veto. Read the registered articles first, then the agreement, then Table A for gaps.
Regulation 105 lets the board set profits aside as reserves before recommending a dividend, or carry them forward without a reserve. A minority shareholder cannot force a dividend merely because profits exist. A sustained refusal designed to squeeze a minority can, however, support a petition under section 236 for unfair prejudice.
What resolutions and records does a dividend need?
A clean file has four documents and three register entries. Banks, auditors and TRA ask for the same papers, so build them once.
- A board minute approving the accounts, recording the realised profit figure and the solvency belief, and recommending the amount.
- A members' ordinary resolution declaring the final dividend, passed at the AGM or in writing under section 150.
- A dividend schedule listing each member, shares held on the record date, gross amount, tax rate, tax withheld and net amount.
- A dividend voucher or advice for each member showing the same lines, with the withholding certificate from the TRA portal.
Table A regulation 106 pays dividends according to the amounts paid up on the shares, unless share rights say otherwise. Regulation 108 allows payment by cheque or warrant to the registered address, and in practice most companies pay by bank transfer on the member's written instruction. Regulation 109 says dividends carry no interest against the company.
Fix a record date in the resolution. Section 123 lets a company close its register of members for up to 30 days in a year, after a newspaper notice. Private companies rarely close the register, but a stated record date avoids arguments after a share transfer.
Regulation 107 permits a dividend paid wholly or partly in assets, on the board's recommendation. Regulation 110 lets directors forfeit a dividend unclaimed for twelve years. Keep unpaid dividends in a separate liability account until then.
No BRELA form is filed for the dividend itself. The disclosure travels later through the directors' report and the annual return. Our guides to board resolutions and the annual general meeting give wording and sequence.
When is a dividend unlawful, and who is liable?
A dividend is unlawful if it is paid from a source section 183(3) does not permit, or without the directors' reasonable belief in solvency. It is also defective if the articles' procedure was not followed, for example a final dividend paid with no members' resolution.
Cap. 212 R.E. 2023 contains no section that states the consequences of an unlawful dividend in one place. We searched the R.E. 2023 text for distribution rules and found none beyond section 183. Liability therefore comes through general provisions:
- Directors' duties. Sections 185, 187 and 188 require good faith, proper purpose and reasonable care. Approving a dividend without accounts or a solvency view is hard to defend under them.
- Winding up. If the company later fails, section 385 lets the court order an officer guilty of misfeasance to repay or restore money with interest. Section 387 covers wrongful trading.
- Ranking. Section 271(3) says sums due to members as dividends are not debts that compete with outside creditors.
- Recovery from members. Whether a member who knew of the defect must repay rests on general law, not a stated section. That question belongs with an advocate.
Tax does not follow company law here. Withholding applies to the distribution paid, so an unlawful dividend can still carry a withholding obligation. A later reversal does not automatically refund the tax.
How is dividend withholding tax handled?
The paying company is the withholding agent. It deducts tax when it pays and sends the net amount to the member. Section 54 of the Income Tax Act, Cap. 332 taxes shareholders, and dividends from a resident company are taxed by final withholding.
| Dividend paid by | Recipient | Rate | Register ID |
|---|---|---|---|
| DSE-listed company | Any shareholder, resident or not | 5% | F0205 |
| Resident company | Resident company holding 25% or more of the shares | 5% | F0206 |
| Any other company | Resident individuals, small corporate holders, non-residents | 10% | F0207 |
TRA's withholding tax page lists these rows. It states that every withholding agent shall pay the tax "within seven days after the end of each calendar month". TRA's Taxes and Duties at a Glance 2025/26 repeats the 5% and 10% rows and the seventh day deadline for the return. PwC's Worldwide Tax Summaries, reviewed on 9 September 2026, give the same rates.
The Finance Act, 2026 left the dividend rates unchanged. Its section 22 cut the deemed distribution share in section 33A from 30% to 15% of undistributed profit, from 1 July 2026. Clyde and Co's note of 3 July 2026 confirms the cut and the exclusions for listed companies, financial institutions, insurers and some mining companies.
Section 33A matters to the board's timetable. If no dividend is declared within 12 months after the year end, the Commissioner may treat 15% of that year's profit as distributed and taxed (F0202). A board that decides to retain profit should minute the reason.
A treaty may cut the rate for a foreign shareholder with a certificate of residence. Our guide to Tanzania's double tax treaties covers the evidence. Late payment carries the Tax Administration Act penalty of the higher of 2.5% of the unpaid tax or 15 currency points for a company each month (NEW-02-06, NEW-02-05), plus interest (NEW-02-08).
How do foreign shareholders receive their dividend?
A Tanzanian company may pay a dividend to a non-resident shareholder and its bank may remit it. Dividends are current account payments under the Bank of Tanzania's Foreign Exchange Regulations, 2022, GN No. 294. Regulation 17, on dividends and profit to foreign shareholders, tells the bank what to see before it sends the money.
The bank wants audited financial statements or a dividend payment notice showing the declared dividend, and documents confirming payment of all relevant taxes. In practice it also asks for the board and members' resolutions, the register of members and evidence that the original investment arrived.
The 2026 amendment, GN No. 206 of 2026 published on 17 July 2026, liberalised non-resident dealings in securities and tightened export and import reporting. Clyde and Co's 17 August 2026 summary reports no change to dividend remittance.
Investors under the Investment and Special Economic Zones Act, Cap. 38 have a statutory guarantee. Section 33 lets an investor transfer net profits or dividends out of Tanzania through an approved bank in convertible currency, after tax and other payments the law prescribes. The guarantee does not replace the company law tests or the bank's documents.
Our guide to repatriating profits, dividends and capital lists the bank pack in detail.
How does this work in Zanzibar?
A company registered in Zanzibar is formed under the Zanzibar Companies Act No. 15 of 2013, administered by BPRA. We could not read its dividend provisions this session, because the BPRA site blocks automated retrieval. Do not assume they match section 183.
Income tax is different. Section 2 of the Income Tax Act says the Act "shall apply to Mainland Tanzania as well as Tanzania Zanzibar". Dividend withholding in Zanzibar is therefore paid to TRA at the same rates. The Zanzibar Revenue Authority (ZRA) collects non-Union taxes such as Zanzibar VAT, and we found no separate ZRA dividend withholding regime.
| Point | Mainland Tanzania | Zanzibar |
|---|---|---|
| Company law | Cap. 212 R.E. 2023, s.183 and Table A | Zanzibar Companies Act No. 15 of 2013; dividend rule not verified |
| Registry | BRELA | BPRA |
| Dividend withholding | TRA, 5% or 10% | TRA, same rates (Income Tax Act s.2) |
| Foreign exchange rules | Bank of Tanzania, GN 294 of 2022 | Bank of Tanzania; foreign exchange is a Union matter |
Our guides to Mainland and Zanzibar company setup and Union and non-Union taxes explain the split.
Worked example: a TZS 600 million final dividend
The facts are hypothetical. Pwani Logistics Ltd is a resident, unlisted private company on the Mainland with Table A articles. Its year ended on 31 March 2026. The audited accounts show profit after tax of TZS 900,000,000, realised retained earnings brought forward of TZS 300,000,000, and an unrealised revaluation gain on its depot of TZS 400,000,000.
Distributable profit. Realised profits less realised losses come to TZS 1,200,000,000. The TZS 400,000,000 revaluation gain is excluded because it is not realised. The share premium account is excluded too.
Solvency. The board's cash forecast shows the company can meet its debts for the next twelve months after paying TZS 600,000,000, and net assets stay positive. The minute records that view.
Recommendation and declaration. The board recommends TZS 600,000,000 and keeps the rest for a fleet purchase. Accounts go to members on 20 November 2026. The AGM on 15 December 2026 declares the dividend, payable on 18 December 2026 to members on the register on 15 December 2026.
| Shareholder | Holding | Gross (TZS) | Rate | Tax withheld (TZS) | Net paid (TZS) |
|---|---|---|---|---|---|
| Foreign parent, no treaty | 60% | 360,000,000 | 10% (F0207) | 36,000,000 | 324,000,000 |
| Tanzanian resident company, shares and votes | 25% | 150,000,000 | 5% (F0206) | 7,500,000 | 142,500,000 |
| Resident individual | 15% | 90,000,000 | 10% (F0207) | 9,000,000 | 81,000,000 |
| Total | 100% | 600,000,000 | 52,500,000 | 547,500,000 |
Tax deadline. The company pays TZS 52,500,000 to TRA and files the December withholding return by 7 January 2027. If it pays on 20 January 2027 instead, one month or part is late. The penalty is the higher of 2.5% of TZS 52,500,000, which is TZS 1,312,500, and TZS 300,000, so TZS 1,312,500 (NEW-02-06), plus interest.
Remittance. The bank remits TZS 324,000,000, or its foreign currency equivalent, to the parent after seeing the audited accounts, the resolutions and the TRA payment evidence.
Government charges. No BRELA fee is payable for the dividend. The annual return costs TZS 22,000 (F0007). If members had cut the recommended amount, the section 183(2) statement would travel in that return. Had the company first altered its articles to allow board-declared final dividends, the special resolution would cost TZS 22,000 to file (F0005).
The retention case. Had Pwani paid nothing by 31 March 2027, section 33A could deem 15% of the TZS 900,000,000 profit, or TZS 135,000,000, distributed. Withholding at 10% would be TZS 13,500,000 (F0202).
What to do now
- Read the constitution. Check the articles and any shareholders' agreement for who declares, payout limits, class rights and interim powers.
- Measure distributable profit. Start from the latest accounts and strip out unrealised gains, share premium and capital.
- Test solvency. Prepare a cash forecast for at least twelve months after payment and a net asset check, and keep both with the minute.
- Minute the recommendation. Record the profit figure, the solvency belief, the amount and the record date in the board minute.
- Pass the members' resolution. Declare a final dividend at the AGM or by written resolution signed by every voting member.
- Build the dividend schedule. Map each member's holding, residence and rate, and collect treaty evidence before the payment date.
- Pay, withhold and remit. Pay net amounts, pay TRA by the seventh day of the next month and issue withholding certificates.
- Close the file. Update the dividend register, keep vouchers, and carry any section 183(2) statement into the directors' report and annual return.
Key dates and deadlines
| When | What | Basis |
|---|---|---|
| Within 10 months after year end (private company) | Lay annual accounts and reports before members | Cap. 212 s.169(2) |
| At least 21 days before the meeting | Send accounts, directors' report and auditors' report to members | Cap. 212 s.167(1) |
| Board meeting before the AGM | Approve accounts, record solvency view, recommend the amount | Cap. 212 ss.162(1), 183(3) |
| AGM or written resolution | Members declare, not above the recommendation under Table A | Cap. 212 ss.150, 183(1); Table A reg 103 |
| Payment date | Deduct 5% or 10% and pay net amounts | Cap. 332 s.54 and First Schedule |
| Within 7 days after the end of the payment month | File the withholding return and pay TRA | TRA withholding page; Glance 2025/26 |
| 12 months after year end | Deemed distribution of 15% may apply if nothing is declared | Cap. 332 s.33A; Finance Act 2026 s.22 |
| Twelve years after the due date | Directors may forfeit an unclaimed dividend | Table A reg 110 |
How Zatra helps
Zatra's corporate secretarial service prepares the board minute, the members' resolution, the dividend schedule and vouchers, and keeps the registers. Our tax and regulatory compliance service files the withholding return and certificates. A Senior Advisory Session at USD 49 suits a single dividend question; packages are on our pricing page.
Government charges, such as the BRELA filing fees and the tax paid to TRA, are paid to the authority at the official amount against a GePG control number. They are separate from Zatra's professional fee and are never marked up. Our government fees handbook lists the official figures.
Zatra prepares and coordinates the file; it does not decide or guarantee any authority's outcome. TRA decides assessments and treaty claims, and the bank decides remittances. A dispute over an unlawful dividend, a minority petition, a prosecution or a formal legal opinion goes to an advocate on our team.
Sources and status
Accurate as at 24 October 2026. Company law is from the R.E. 2023 text; rates are from TRA and the Zatra fee register at 26 September 2026.
- The Companies Act, Cap. 212 R.E. 2023: Office of the Attorney General, OSG e-Library item dated 1 Jul 2025; ss.12, 61, 118, 123, 150, 162, 167, 169, 183, 271, 385 and Table A regs 103 to 110. Accessed 24 Oct 2026.
- The Income Tax Act, Cap. 332 R.E. 2023: TRA; s.2 and arrangement of sections. Accessed 24 Oct 2026.
- Withholding tax: TRA, live page 2026. Accessed 24 Oct 2026.
- Taxes and Duties at a Glance 2025/26: TRA, July 2025; items 2.0 and 9.0(b). Accessed 24 Oct 2026.
- The Finance Act, 2026, No. 2 of 2026: TRA copy, assented 30 Jun 2026; s.22. Accessed 24 Oct 2026.
- Foreign Exchange Regulations, 2022, GN No. 294: Bank of Tanzania, 13 May 2022; reg 17. Accessed 24 Oct 2026.
- The Investment and Special Economic Zones Act, Cap. 38: TISEZA, English text by GN No. 4 of 2026, 6 Jan 2026; s.33. Accessed 24 Oct 2026.
- Zanzibar Companies Act No. 15 of 2013: BPRA copy, 2013; not readable this session. Accessed 24 Oct 2026.
- Companies Act 2002 overview: PwC Tanzania, 2007; s.180(3). Accessed 24 Oct 2026.
- Law, practice and procedure relating to dividend in Tanzania: Breakthrough Attorneys, 16 Jan 2017. Accessed 24 Oct 2026.
- Tanzania: corporate withholding taxes: PwC Worldwide Tax Summaries, reviewed 9 Sep 2026. Accessed 24 Oct 2026.
- Tanzania Tax Update: Finance Act 2026 highlights: Clyde and Co, 3 Jul 2026. Accessed 24 Oct 2026.
- Key amendments to the Foreign Exchange Regulations: Clyde and Co, 17 Aug 2026. Accessed 24 Oct 2026.
- Tanzania Government Fees 2026 register: Zatra Handbook 06, fees at 26 Sep 2026; F0005, F0007, F0202, F0205 to F0207, NEW-02-05, NEW-02-06, NEW-02-08. Accessed 24 Oct 2026.
Figures to confirm before you act
- The word "authorisable" in the section 183(3) proviso of the R.E. 2023 copy, against the Government Printer's sealed text.
- Whether your registered articles keep Table A regulations 103 to 110 or replace them.
- The dividend and distribution rules of the Zanzibar Companies Act No. 15 of 2013, from BPRA.
- Whether the receiving company meets both the 25% shares and 25% voting limbs for the 5% rate.
- The current statutory interest rate for late tax, set each quarter.
- The documents your own bank requires for a dividend remittance under regulation 17.
- The amount on the authority's control number on the day of payment.
This article is general information based on official sources available at the date of publication. It is not legal, tax or financial advice. Laws and notices change. Verify with the issuing authority or consult Zatra before acting.
Frequently asked questions
Can a single-shareholder company declare a dividend without a meeting?
Yes. The sole member can sign a written resolution or a minute of the decision, entered in the minute book. The profit and solvency tests still apply, and the company still withholds tax on the payment.
Can a company pay a dividend in its first year?
Only from realised profits. A new company usually pays an interim dividend from management accounts, if its articles allow, once trading has produced profit. Start-up losses carried in the accounts must be covered first.
Can different shareholders receive different amounts per share?
Only if the shares carry different rights, for example preference or separate classes created in the articles. Table A pays according to amounts paid up on shares. A waiver by one member is possible but should be in writing before the record date.
Can a dividend be credited to a shareholder loan account instead of paid in cash?
Yes, if the articles and the shareholder agree. The credit is still a payment for tax purposes in our view, so withhold on it. Confirm the timing point with TRA or your tax adviser before relying on it.
Does a dividend need TRA approval before it is paid?
No. TRA does not approve dividends. It receives the withholding return and tax after payment. A bank remitting abroad will, however, want proof that the tax reached TRA before it sends the money.
What if the company declared a dividend but cannot pay on the date?
A declared final dividend is a debt to members, though it ranks behind outside creditors in a winding up. Directors should not pay if solvency has failed since the declaration. Take advice before deferring or cancelling it.
Can profits from a sale of land be distributed?
Yes, once the gain is realised by the sale and appears in the accounts. An unsold revaluation is not distributable. The sale may also carry its own tax on the gain, which reduces the profit available.
Sources & regulators
Verify before filing: Rates, forms and thresholds move by Finance Act, Government Notice and portal revision. Confirm the live schedule on the mandate-holder portal before you budget or submit. Law-firm alerts and Big Four notes are discovery only.
- The Companies Act, Cap. 212 R.E. 2023 (OSG e-Library): Office of the Attorney General, Government Printer, item dated 1 Jul 2025; ss.12, 61, 118, 123, 150, 162, 167, 169, 183, 271, 385 and Table A regs 103 to 110 read 24 Oct 2026; primary source. Accessed 2026-10-24.
- The Income Tax Act, Cap. 332 R.E. 2023: Tanzania Revenue Authority copy, R.E. 2023; s.2 and arrangement of sections read 24 Oct 2026; primary source. Accessed 2026-10-24.
- TRA: Withholding tax: Tanzania Revenue Authority, live page 2026, dividend rows and seven-day rule read 24 Oct 2026; primary source. Accessed 2026-10-24.
- TRA: Taxes and Duties at a Glance 2025/26: Tanzania Revenue Authority, July 2025; items 2.0(a)(i), 2.0(b) and 9.0(b); primary source. Accessed 2026-10-24.
- The Finance Act, 2026, No. 2 of 2026: TRA copy, assented 30 Jun 2026, in force 1 Jul 2026; s.22 amending s.33A; primary source. Accessed 2026-10-24.
- Foreign Exchange Regulations, 2022, GN No. 294: Bank of Tanzania, published 13 May 2022; regs 2 and 17 read 24 Oct 2026; primary source. Accessed 2026-10-24.
- The Investment and Special Economic Zones Act, Cap. 38: TISEZA, Act No. 6 of 2025, English text by GN No. 4 of 6 Jan 2026; s.33 read 24 Oct 2026; primary source. Accessed 2026-10-24.
- Zanzibar Companies Act No. 15 of 2013: Business and Property Registration Agency copy of the 2013 Act; dividend provisions not read (retrieval blocked 24 Oct 2026); primary source. Accessed 2026-10-24.
- PwC Tanzania: Companies Act 2002 overview: PwC Tanzania newsletter, 2007; s.180(3) dividends and s.166 laying periods; independent source. Accessed 2026-10-24.
- Breakthrough Attorneys: Law, practice and procedure relating to dividend in Tanzania: Breakthrough Attorneys, 16 Jan 2017; independent source. Accessed 2026-10-24.
- PwC Worldwide Tax Summaries: Tanzania corporate withholding taxes: PwC, last reviewed 9 Sep 2026; independent source. Accessed 2026-10-24.
- Clyde & Co: Tanzania Tax Update, Finance Act 2026 highlights: Clyde & Co, Imani Mselle and Eliya Nkerebuka, 3 Jul 2026; independent source. Accessed 2026-10-24.
- Clyde & Co: Key amendments to the Foreign Exchange Regulations: Clyde & Co, Tenda Msinjili, 17 Aug 2026, on GN 206 of 2026; independent source. Accessed 2026-10-24.
- Tanzania Government Fees 2026 register: Zatra Handbook 06, fees at 26 Sep 2026. Accessed 2026-10-24.
Disclaimer
This article is informational orientation. It is not legal, tax or investment advice and not a government decision. Tanzanian instruments move by Act, Government Notice, Finance Act and portal revision. If a sentence here disagrees with the live mandate-holder, the mandate-holder wins. Zatra Consultants Limited does not issue licences, permits, tax clearances or approvals, and gives no assurance of any regulatory or banking outcome. Professional fees are published only on /pricing/.