The Citizen (Dar es Salaam)
11 November 2009
The Tanzania Revenue Authority (TRA) yesterday seized assets of a power production company, Dowans, including its gas-fired turbines.
The properties were seized by TRA agent Majembe Auction Mart on the grounds that the company had not remitted Sh9,120,611,746 in taxes to TRA.
Majembe Auction Mark marketing manager Dixion Kitime confirmed last night that Dowans assets had been seized.
"We have seized various Dowans assets, including its power generating turbines for their failure to settle tax claims," he said.
He named some of seized property as eight containers used to store fuel and other equipment.
Mr Kitime said the property has been seized to compel the company to settle the taxes.
He said if the company failed to settle the debt, the seized properties would be auctioned after ten days from today.
Dowans came in the country several years ago and bought a emergence power contract between Tanesco and a controversial Richmond Development Company.
But its contract was terminated prematurely by the government last year after it came to light that the original company, Richmond, has lied to the government.
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