RE: Last round before The Party Kicks Off 💥16 Oct 2024 16:37
"Furthermore, the reforms made it mandatory for all mining licensees to give the government at least a 16% free carried interest in the capital of their companies. "
"The government is also entitled to acquire, in total, up to 50% of the shares in a mining company, proportional to the quantified value of tax expenditures incurred by the government in favour of the mining company.'
Goes on to say Tanzanian govt believe in 'the equitable sharing principle' when it comes to taxation for mining & details Barrick Golds 50 / 50 split , which formed the basis of 2022 regs.