Tanzania announces July 1, 2026, as proof of digital payment for major assets; land, buildings, motor vehicles

Esther TakwaJune 11, 2026
4,662

DODOMA: THE Minister for Finance, Ambassador Khamis Mussa Omar has announced that from July 1, 2026, proof of digital payment will become a mandatory requirement for the transfer of major assets, including land, buildings and motor vehicles.

He made the announcement today, June 11, 2026,  in Dodoma when presenting the 2026/27 Budget to parliamentarians noting that all transactions involving the transfer of such assets must be supported by verifiable digital payment records before approval can be granted.

The new measure will require public institutions responsible for processing ownership transfers to verify digital payment evidence as part of the approval process.

The institutions include the Ministry of Lands, Housing and Human Settlements Development, the Tanzania Revenue Authority (TRA), the Business Registrations and Licensing Agency (BRELA), and other relevant authorities.

ALSO READ: Tanzania lifts the lid on World Bank’s 320m US Dollars funding to restore infrastructure hit by climate change.

According to the Minister, the initiative is intended to promote formal financial transactions, improve accountability and strengthen the government’s ability to track high-value asset transfers.

The move is also expected to support ongoing efforts to expand the use of digital payment systems, curb tax evasion and enhance efficiency in the administration of property ownership records.

Esther TakwaJune 11, 2026
4,662

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