Magufuli Wants Tanzania's Mining Sector to Relax Taxes
Speaking at a meeting with the mining stakeholders, government officials and the business community in Dar es Salaam, President Magufuli said, the current taxes are "unacceptably high". This comes after some miners spoke out against the 18% Value Added Tax imposed on mineral goods with over 100 million annual turnover.
Bulyamhulu Gold Mine.
InFocus
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The leader has ordered that no more mineral sand should be shipped out of the country and has asked Acacia Mining Company to 'apologize for its faults' if it is still willing to ... Read more »
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The government has started talks with Barrick Gold, the majority shareholders of Acacia Mining, to resolve the tax dispute and a ban on export of metallic mineral concentrates. ... Read more »