Friday, June 27, 2008

Tanzania:Dar halts tax reforms in mining sector

27 june 2008 (East African)
Mining firms operating in Tanzania have received a temporary relief from tax reforms that were expected to be effected by the government in the financial year 2008/09. Instead Finance and Economic Affairs Minister Mustafa Mkulo in his budget said the government will introduce a 0.3 per cent alternative mining tax on the turnover of companies declaring losses for three consecutive years.

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