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Tax Exemptions for Mining Sector Under Income Tax Act

Latest Tanzania finance news · Tax Exemptions for Mining Sector Under Income Tax Act explained · updated Aug 14, 2026 · economy news · GDP · investment

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TLDR

  • The Tanzania Revenue Authority (TRA) conducted a training session on tax law changes for the 2026/27 financial year on August 12, 2026, in Tanga City.
  • The training aimed to educate traders about their tax obligations, available incentives, and penalties for non-compliance.
  • More than 15 tax laws have been amended, making taxpayer education essential for understanding new requirements.
  • The Income Tax Act, Cap. 332, offers income tax exemptions for holders of mining licences or special mining licences.
  • Certain goods and services imported or purchased by mining licence holders may qualify for VAT exemption under the VAT Act, Cap. 148.

Latest news excerpts & sources: Tax Exemptions for Mining Sector Under Income Tax Act

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The Income Tax Act, Cap. 332, provides income tax exemptions for holders of mining licences or special mining licences in accordance with the law.

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