Research and Markets: Tanzania's Gold Mining Fiscal Regime: H1 2014 Report
01 September 2014 - 9:54PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/5lzr6t/tanzanias_mining)
has announced the addition of the "Tanzania's Mining Fiscal Regime:
H1 2014" report to their offering.
Timetric's Tanzanian fiscal regime report covers the governing
bodies, law, mining rights and tax-related information on one
commodity: gold
The Tanzanian mining industry is governed by the Ministry of
Energy and Minerals and Geological Survey of Tanzania. The Mining
Act 2010 is the main law regulating the prospecting of minerals,
mining, processing and dealing in minerals, the granting, renewal
and termination of mineral rights, payment of royalties, fees and
other charges and any other relevant matters.
The report outlines Tanzania's governing bodies, governing laws,
mining rights and key fiscal terms, which include royalties,
Corporate Income Tax, Capital Gain Tax, Depreciation, Loss Carry
Forward, Withholding Taxes and Value Added Tax.
Key Highlights
- The Ministry of Energy and Minerals (MEM) was formed in order
to facilitate the development of the energy and mineral
sectors.
- The Geological Survey of Tanzania (GST) is a government
executive agency operating under the MEM, which is responsible for
the acquisition and storage of scientific data and information used
in the mineral resource sector, as well as promoting mineral
exploration and mining in the country.
- The Mining Act 2010 provides substantial amendments towards the
law, relating to the prospecting of minerals, mining, processing
and dealing in minerals, the granting, renewal and termination of
mineral rights, payment of royalty fees and other charges, and any
other relevant matters.
Key Topics Covered:
1 Executive Summary
2 The Mining Industry in Tanzania - Governing Bodies
- Ministry of Energy and Minerals (MEM)
3 The Mining Industry in Tanzania - Governing Law and Mining
Rights
- The Mining Act 2010
- Mining Rights
4 The Mining Industry in Tanzania - Key Fiscal Terms
- Royalty
- Corporate Income Tax (CIT)
- Capital Gains Tax
- Depreciation
- Loss Carry Forward
- Withholding Taxes
- Value Added Tax (VAT)
5 Appendix
For more information visit
http://www.researchandmarkets.com/research/5lzr6t/tanzanias_mining
Research and MarketsLaura Wood, Senior
Managerpress@researchandmarkets.comFor E.S.T Office Hours Call
1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT
Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside
U.S.): +353-1-481-1716Sector: Mining