Tanzania drafts bill to remove tax incentives for miners

Published: Friday, 23 May 2014

Changes to the country’s ‘mining friendly’ tax system could affect plans by international firms to develop industrial minerals deposits in Tanzania, which include Kibaran Resources’ Mahenge graphite project and Peak Resources’ Ngualla rare earths operation.

By Allan Bariyo

Tanzania has drafted a new law abolishing tax incentives for miners, a move aimed at increasing national income from the country’s resource sector.

The Value Added Tax Bill 2014, which is yet to be tabled before the Tanzanian parliament, seeks to cut tax waivers on...

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