Tanzania’s Mining Fiscal Regime: H1 2014

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.

Scope

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.

Reasons to buy

Gain an overview of Tanzania's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Mining Industry in Tanzania – Governing Bodies 6

2.1 Ministry of Energy and Minerals (MEM) 6

2.1.1 Geological Survey of Tanzania 6

3 The Mining Industry in Tanzania – Governing Law and Mining Rights 7

3.1 The Mining Act 2010 7

3.2 Mining Rights 7

3.2.1 Prospecting license 7

3.2.2 Retention license 8

3.2.3 Special mining license 8

3.2.4 Mining license 9

4 The Mining Industry in Tanzania – Key Fiscal Terms 11

4.1 Royalty 11

4.2 Corporate Income Tax (CIT) 11

4.3 Capital Gains Tax 11

4.4 Depreciation 11

4.5 Loss Carry Forward 11

4.6 Withholding Taxes 11

4.7 Value Added Tax (VAT) 12

5 Appendix 13

5.1 What is this Report About? 13

5.2 Methodology 13

5.3 Secondary Research 13

5.4 Primary Research 13

5.5 Contact GlobalData 14

5.6 About GlobalData 14

5.7 GlobalData’s Services 15

5.8 Disclaimer 16

List of Tables

Table 1: The Mining Industry in Tanzania – Fiscal Regime Terms and Other Taxes 1

Table 2: The Mining Industry in Tanzania – Depreciation Tax (%), 2014 11

Table 3: The Mining Industry in Tanzania – Withholding Tax Rates (%), 2014 11

List of Figures

Figure 1: The Mining Industry in Tanzania – Number of Operating Mines, 2014 2

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