18 May 2017

Tanzania: Mineral Output, Export Audit System Polished

Photo: Daily News
Small-scale miners need support to boost the mining industry.

Dodoma — Over the years, Tanzania has improved its national capacity of physically auditing mineral production and exports, a new study has established.

Launched by the Energy and Minerals Parliamentary Committee on Monday, the report on 'Taxation and the State of Africa Mining Vision implementation', attributed the introduction of mineral audit agency, the Tanzania Minerals Audit Agency (TMAA), to the achievement.

"This has resulted in identification of unpaid taxes owed, while helping to build the capacity of mining companies to calculate tax revenues payable."

Presenting the report to members of the committee, a representative of the Tax Justice Network-Africa (TINA), which conducted the study since 2011, said following the introduction of the Mining Policy of 2009, the country has also undertaken reforms in the tax systems to increase revenue from the mining sector. The move has seen the revenue increased from 2.4 per cent to about 4.4 per cent in 2001 to 2014, respectively.

However,it suggested that the country still needed to do more with respect to reviewing terms of double taxation agreements and Bilateral Investment Treaties (BIT's) which Tanzania had signed with host countries of mining companies.

The Committee's Chairman, Dotto Biteko, said the report had come at a right time, considering the ongoing exploration in various parts of the country, promising that the committee will use it as a reference tool.

Commenting on the report, Mlimba MP Susan Kiwanga said the document will be a crucial tool for her to effectively oversee the government on issues of mining taxation, considering that the country has continued to discover minerals in various areas.

Tanzania

World Mourns Elephant Warrior Wayne Lotter

Wildlife enthusiasts across the globe are in mourning after a man who has been fighting poaching in Tanzania, amid death… Read more »

Copyright © 2017 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.