Market Report, "Tanzania's Mining Fiscal Regime: H2 2015", published

Tanzania has metallic mineral deposits of gold and silver, as well as gemstones such as diamonds, tanzanite, ruby, garnet and emerald. Timetric's fiscal regime report covers Tanzanian mining industry which 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.

Full Report Details at
- http://www.fastmr.com/prod/1064217_tanzanias_mining_fiscal.aspx?afid=302

Report Highlights

* The Ministry of Energy and Minerals (MEM) was formed 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. It is responsible for the acquisition and storage of scientific data and information utilized in the mineral resource sector, and promoting mineral exploration and mining in the country.
* Mining Act 2010 makes substantial amendments to 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 other relevant matters

Report Scope

The report outlines the governing bodies, governing law, mining rights and key fiscal terms which includes royalty, corporate income tax, depreciation, loss carry forward, withholding taxes and value added tax (VAT)

Reasons to Get this Report

To gain an overview of Tanzania's mining fiscal regime

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