Ready to purchase gold from BONASGOLD? Not too fast. You may not be quite ready to place an order yet. Before you proceed to the order form, please read this very vital piece of information below.
According to GlobalData, Tanzania is the world’s twenty-second-largest producer of gold in 2022, with output down by 8.11% on 2021. Over the five years to 2021, production from Tanzania decreased by a CAGR of 3.6% and is expected to rise by a CAGR of 0.5% between 2022 and 2026.
The exportation of minerals in Tanzania is governed by the provisions of the Mining Act, 2010 (‘the Act’) and the Mining (Mineral Trading) Regulations, 2010 (‘the Regulations’). Any person with an interest in exporting minerals in Tanzania has to abide by the conditions stipulated under the Act and Regulations. This article provides guidelines and prerequisites for the exportation of minerals in Tanzania in line with the conditions laid down under the Act and Regulations.
What is the export tax on gold from Tanzania?
Exportation of gemstones and diamonds is charged 5% of the gross value of the consignment.
For gold, copper, silver, and platinum minerals the rate is 4%.
Gem is charged 1% of the gross value.
Further information;
A mineral Export permit is a vital document that will allow the dealers and miners to export the Minerals out of Tanzania, without which they cannot export the minerals. However, it is better to note that, a mineral export permit is issued only once per each consignment and is valid only for the period given, so there is no permanent export permit.
The mineral export permit will not be issued if the applicant has not paid for the export permit application fee and the Government royalty. These are the fee paid to the government before the consignment is to be exported. Contact Us Now [email protected]
