14 July 2008 (The Citizen)
Oil marketing company TIOT got a temporal tax relief after the Tax Revenue Appeals Board issued an order allowing it to deposit a half of Sh900 million demanded by Tanzania Revenue Authority. TRA has been engaged in the tax row with TIOT since 2003 after a tax assessment at its office in Tanga that found out that the oil company had a tax liability of slightly over Sh901 million
Showing posts with label Tanzania. Show all posts
Showing posts with label Tanzania. Show all posts
Monday, July 14, 2008
Thursday, July 10, 2008
Tanzania: MPs May Debate Bomani Mining Review Proposals
10th July 2008 (Daily)
A report by the Bomani Commission, which was appointed last year by President Jakaya Kikwete to review the mining sector, may be tabled for discussion in parliament before the end of the current session. This follows pressure from members of parliament who have been lobbying to have the report's recommendations debated in the House among other issues, including the government's mining contracts, policy and laws.
A report by the Bomani Commission, which was appointed last year by President Jakaya Kikwete to review the mining sector, may be tabled for discussion in parliament before the end of the current session. This follows pressure from members of parliament who have been lobbying to have the report's recommendations debated in the House among other issues, including the government's mining contracts, policy and laws.
Wednesday, July 9, 2008
Tanzania: No Tax Holidays, Report Says
July 09 2008 (Daily News)
THE President's Committee on the Mining Sector has advised the government to stop throwing away the country's riches in lavish tax exemptions, saying the investors don't need any such coaxing. Instead, the Committee recommends increased royalties based on gross rather net-back values, which often suffer from under-declarations and other ways employed to evade tax.
THE President's Committee on the Mining Sector has advised the government to stop throwing away the country's riches in lavish tax exemptions, saying the investors don't need any such coaxing. Instead, the Committee recommends increased royalties based on gross rather net-back values, which often suffer from under-declarations and other ways employed to evade tax.
Friday, June 27, 2008
Tanzania: New steps to net firms claiming tax losses
27 June 2008 (East African)
The days of corporations hiding behind losses to evade paying tax to the Tanzania government are numbered after the recent review of tax rates, fees and other charges, as well as tax administration and collection procedures.
The days of corporations hiding behind losses to evade paying tax to the Tanzania government are numbered after the recent review of tax rates, fees and other charges, as well as tax administration and collection procedures.
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.
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.
Sunday, June 15, 2008
Tanzania: Talking to Miners is digging the Hole Deeper
15 June 2008 (Allafrica.com)
Last November, Tanzanian President Jakaya Kikwete established a Mining Review Committee chaired by former Attorney-General (retired) Justice Mark Bomani. The 12-member committee was given six months to review the mining regulations and relative taxation, as well as the management/control systems currently in force in the country. It was also mandated to look into extant contracts between multinational miners and the government. The objective was to foster equitability in mining, creating a win-win situation for Tanzanians (the natural owners) and investors (the risk-takers).
Last November, Tanzanian President Jakaya Kikwete established a Mining Review Committee chaired by former Attorney-General (retired) Justice Mark Bomani. The 12-member committee was given six months to review the mining regulations and relative taxation, as well as the management/control systems currently in force in the country. It was also mandated to look into extant contracts between multinational miners and the government. The objective was to foster equitability in mining, creating a win-win situation for Tanzanians (the natural owners) and investors (the risk-takers).
Monday, June 9, 2008
Tanzania: Row Simmers over Dar's $0.46 Million Payment to UK Firm
9 June 2008 (Allafrica.com)
A row is brewing over the circumstances under which the Ministry of Infrastructure Development directed the Tanzania Ports Authority (TPA) to pay millions of shillings to a UK-based consultancy firm for services it rendered to third parties. The British firm, DLA Piper, was paid for services it had rendered to the Tanzania Airports Authority, which -although also falling under the ministry - is a totally different entity. DLA Piper was asked to carry out a consultancy at the Tanzania Ports Authority (TPA) on two worn-out Single Buoy Mooring (SBM) and Single Point Mooring (SPM) systems at the Dar es Salaam port as well as a consultancy on construction works at the Kilimanjaro and Mwanza airports for the Tanzania Airports Authority (TAA
A row is brewing over the circumstances under which the Ministry of Infrastructure Development directed the Tanzania Ports Authority (TPA) to pay millions of shillings to a UK-based consultancy firm for services it rendered to third parties. The British firm, DLA Piper, was paid for services it had rendered to the Tanzania Airports Authority, which -although also falling under the ministry - is a totally different entity. DLA Piper was asked to carry out a consultancy at the Tanzania Ports Authority (TPA) on two worn-out Single Buoy Mooring (SBM) and Single Point Mooring (SPM) systems at the Dar es Salaam port as well as a consultancy on construction works at the Kilimanjaro and Mwanza airports for the Tanzania Airports Authority (TAA
Friday, March 21, 2008
Tanzania: How Can We Escape the Resource Curse?
21 March 2008 (Allafrica.com)
It's no a longer a conspiracy theory. We can no longer simply wish it away. Within the next 10 years three of the country's large-scale gold mines will close.
However, the country is not yet set to benefit significantly from these mines.
Why are we in such a gloomy state? We once observed a former chief economist and senior vice-president of the World Bank turning into a critic of International Financial Institutions (IFIs).
It's no a longer a conspiracy theory. We can no longer simply wish it away. Within the next 10 years three of the country's large-scale gold mines will close.
However, the country is not yet set to benefit significantly from these mines.
Why are we in such a gloomy state? We once observed a former chief economist and senior vice-president of the World Bank turning into a critic of International Financial Institutions (IFIs).
Thursday, March 13, 2008
Tanzania: Activists and Religious Communities Launch Critical Mining
13 March 2008 (Allafrica.com)
Salma Maoulidi looks at the mining research report
"A Golden Opportunity?
How Tanzania is failing to benefit from Gold Mining" and argues that it builds a powerful case for continued activism in trade and economic justice in line with various Human rights instruments that call for a country's wealth and natural resources to benefit primarily local communities.
Salma Maoulidi looks at the mining research report
"A Golden Opportunity?
How Tanzania is failing to benefit from Gold Mining" and argues that it builds a powerful case for continued activism in trade and economic justice in line with various Human rights instruments that call for a country's wealth and natural resources to benefit primarily local communities.
Thursday, November 8, 2007
Tanzania: Non-Tax Revenue - $33m Uncollected
Tanzania lost at least $33 million (about Sh40 billion) in uncollected non-tax forest revenue in the fiscal year 2006/07 as a result of the shortage of staff and supporting resources for the collection and prevention of illegal logging.
Finnish Embassy cooperation head Satu Santana told a recent general budget review meeting in Dar es Salaam that the low rates of investment and expenditure on forest revenue collection and forest law enforcement also limited the revenue collection from forestry.
The non-tax revenue in forestry consists of registration fees, forest royalty fees, export permits, and penalties for forest law violations.
In royalties of timber sales alone, which account to about 93 per cent of all forestry revenue collected, the Government loses around $23.8 million (Sh32 billion) annually.
Recent estimates show that the forest sector's total annual contribution is between 10 and 15 per cent of the total gross domestic product (GDP). At the current Government spending of 30 per cent of GDP, revenues from forestry would have contributed to more than half of the whole Government spending.
In the 2006/07 fiscal year the Government collected about Sh15.2 billion from forestry which was only 27 per cent of total revenue collection potential from forestry amounting to Sh55 billion annually ($46 million).
Development partners urged the Government to put its house in order and strengthen its revenue collection mechanisms from its natural resources.
They said it is incomprehensible that Tanzania should fail to collect so much revenue and still continue to depend on foreign aid to fund its budget.
Ms Santala stressed that inadequate Government expenditure on forest revenue collection and law enforcement contributed much of the poor performance in revenue collection.
"The ministry of Natural Resources and Tourism budget was cut by 13.8 per cent for 2007/08 which has directly affected the ministry's ability to effectively manage the forest resources and the revenue collection. The general problem is that there are not enough resources dedicated to forest law enforcement," she said.
She said although the forest sector's contribution to revenue collection increased from Sh4 billion in 2001 to about Sh15.2 billion in 2006 Government expenditure on forest activities particularly in relation to revenue collection decreased over the last few years.
The current collection of the forest revenue and its allocation and distribution do not support sustainable management or utilisation of forest resources. Current pricing mechanisms do not allocate resources efficiently.
"To be able to sustain the forest resources, more resources are needed for effective revenue collection and monitoring activities," she said.
She observed that multiple reports had consistently found that district forest offices and forest law enforcement offices both at Central Government and Local Government were understaffed.
The situation inhibits their ability to collect forest revenues and enforce the law.
Finnish Embassy cooperation head Satu Santana told a recent general budget review meeting in Dar es Salaam that the low rates of investment and expenditure on forest revenue collection and forest law enforcement also limited the revenue collection from forestry.
The non-tax revenue in forestry consists of registration fees, forest royalty fees, export permits, and penalties for forest law violations.
In royalties of timber sales alone, which account to about 93 per cent of all forestry revenue collected, the Government loses around $23.8 million (Sh32 billion) annually.
Recent estimates show that the forest sector's total annual contribution is between 10 and 15 per cent of the total gross domestic product (GDP). At the current Government spending of 30 per cent of GDP, revenues from forestry would have contributed to more than half of the whole Government spending.
In the 2006/07 fiscal year the Government collected about Sh15.2 billion from forestry which was only 27 per cent of total revenue collection potential from forestry amounting to Sh55 billion annually ($46 million).
Development partners urged the Government to put its house in order and strengthen its revenue collection mechanisms from its natural resources.
They said it is incomprehensible that Tanzania should fail to collect so much revenue and still continue to depend on foreign aid to fund its budget.
Ms Santala stressed that inadequate Government expenditure on forest revenue collection and law enforcement contributed much of the poor performance in revenue collection.
"The ministry of Natural Resources and Tourism budget was cut by 13.8 per cent for 2007/08 which has directly affected the ministry's ability to effectively manage the forest resources and the revenue collection. The general problem is that there are not enough resources dedicated to forest law enforcement," she said.
She said although the forest sector's contribution to revenue collection increased from Sh4 billion in 2001 to about Sh15.2 billion in 2006 Government expenditure on forest activities particularly in relation to revenue collection decreased over the last few years.
The current collection of the forest revenue and its allocation and distribution do not support sustainable management or utilisation of forest resources. Current pricing mechanisms do not allocate resources efficiently.
"To be able to sustain the forest resources, more resources are needed for effective revenue collection and monitoring activities," she said.
She observed that multiple reports had consistently found that district forest offices and forest law enforcement offices both at Central Government and Local Government were understaffed.
The situation inhibits their ability to collect forest revenues and enforce the law.
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