Tanzanian firms face April 2025 deadline for beneficial ownership disclosure

Brela

Dar es Salaam. Tanzanian companies are supposed to file their beneficial ownership details by April 15, 2025 to comply with the regulations set by the Finance Act No. 8 of 2020.

Otherwise, the companies should be ready to face penalties ranging from Sh5 million to Sh10 million and restrictions on key business operations.