{"id":12867,"date":"2012-07-28T01:40:03","date_gmt":"2012-07-27T23:40:03","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/tanzania-tells-mining-companies-to-pay-30-pct-corporate-tax\/"},"modified":"2012-07-28T01:40:03","modified_gmt":"2012-07-27T23:40:03","slug":"tanzania-tells-mining-companies-to-pay-30-pct-corporate-tax","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/tanzania-tells-mining-companies-to-pay-30-pct-corporate-tax\/","title":{"rendered":"Tanzania tells mining companies to pay 30 pct corporate tax"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Plans 200-megawatt coal-fired power project<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Eyes higher revenues from gold exports<\/p>\n<p><span><\/span><\/p>\n<p>* Says has over 130 mln pounds of uranium oxide<\/p>\n<p><span><\/span><\/p>\n<p>By Fumbuka Ng&#8217;wanakilala<\/p>\n<p><span><\/span><\/p>\n<p>DODOMA, July 27 (Reuters) &#8211; Tanzania, Africa&#8217;s fourth<br \/>\nlargest gold producer, has told mining companies operating for<br \/>\nmore than five years to start paying a corporate tax of 30<br \/>\npercent, citing rising prices of precious metals at the world<br \/>\nmarket.<\/p>\n<p><span><\/span><\/p>\n<p>Tanzania&#8217;s gold export earnings rose 31 percent last year to<br \/>\n$1.879 billion from $1.436 billion a year before on higher world<br \/>\nprices for the commodity, Sospeter Muhongo, energy and minerals<br \/>\nminister, told parliament on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>The minister said the government wants to earn higher<br \/>\nrevenues from mining companies due to the rising gold price and<br \/>\nadded the government had ordered audits of all large-scale gold<br \/>\nmines in the country to ensure they started paying corporate<br \/>\ntaxes after recovering their costs of production.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I am instructing all mining companies that have been in<br \/>\noperation for more than five years to start paying corporate tax<br \/>\nwithout any excuses,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If they claim they are still making losses and can&#8217;t<br \/>\ncontribute to the national economy through taxes, they should<br \/>\nshut down their mines and leave because minerals do not rot.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Plans 200-megawatt coal-fired power project * Eyes higher revenues from gold exports * Says has over 130 mln pounds of uranium oxide By Fumbuka Ng&#8217;wanakilala DODOMA, July 27 (Reuters) &#8211; Tanzania, Africa&#8217;s fourth largest gold producer, has told mining companies operating for more than five years to start paying a corporate tax of 30 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12867"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12867\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}