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