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Tanzania: Tanzania Relaxes Protectionist Regulations in Mining Sector
East African, 11 March 2019
Tanzania has relaxed the mining sector regulations that require local companies to own controlling stake in multinationals. Read more »
Tanzania Relaxes Protectionist Regulations in Mining Sector
The Mining Regulations on Local Content 2019 which came into effect on February 8 has relaxed the mining sector regulations that require local companies to own controlling stake in multinationals, opening the gates for more local commercial banks to participate in mining activities.The new regulations slightly reduced the stringent banking requirements allowing mining companies to maintain bank accounts in Tanzanian banks.
One of the gold mining sites supervised by local artisanal miners in Katenga Engaju Sub-county, Buhweju District (file photo).
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Tanzania: Miners Petition Government to Reduce Taxes
East African, 28 January 2019
Mining companies and experts have urged the Tanzanian government to review taxes downwards in order to reduce cases of tax evasion. Read more »
InFocus
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Parliament has approved a Bill designed to relieve small scale miners of the burden of paying withholding tax of 5% and 18% value added tax. The amendments to the Mining ... Read more »
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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 ... Read more »
