Papers by Dianarose Kessy
Disputes may occur between the taxpayer and income Tax Department, VAT Department and Customs and... more Disputes may occur between the taxpayer and income Tax Department, VAT Department and Customs and Excise Tax Departments relating to:-(a) The computation of tax payable on assessment. (b) The levy of penalties such as for non-submission or late submission of returns of income etc.
The mining sector in Tanzania has been facing several microeconomic issues that have impacted its... more The mining sector in Tanzania has been facing several microeconomic issues that have impacted its growth and development. The followings are the microeconomics issues faces mining industry in Tanzania; Lack of proper infrastructure, one among microeconomic issue that faces mining industry in Tanzania is poor infrastructures like roads, water, electricity and others which made it difficult for mining companies to conduct their productivity and bring difficulties in transport their products to the market. This has resulted in increased transportation costs, which have reduced the profitability of mining operations due to high costs incurred during production and cause low revenue collected to the government (tax) and even also lead to other people to avoid paying tax so that to protect their profits. Shortage of skilled labor in the mining sector, another issue is the lack of skilled personels to conduct well mining activities. The lack of skilled workers has made it difficult for mining companies to operate efficiently and effectively. This has resulted in increased labor costs and reduced productivity. Due to high labor costs and reduce productivity it results to small revenue and profit from the productivity thus also may lead small amount of tax that will be paid to the government. Government's policies and regulations, also these may be the other macroeconomic factor that faces mining industry and brings difficult in their operations. The government has imposed high taxes and fees on mining companies, which have increased their operating costs and hinder their profitability in which will result also to pay low tax to the government. Moreoververnment's strict regulations on environmental protection have also increased compliance costs for mining companies thus results to high costs of production and low profit. Corruption and bribery are also major issues that have impacted the mining sector in Tanzania. Mining companies have reported cases of corruption and bribery when dealing with government officials, which have increased their operating costs and reduced their profitability thus also will result to pay low tax compared to the profit they make in the production. Environmental degradation, the other macroeconomic issue that hinder mining industry in Tanzania is the environmental degradation that resulted from it's productivity operations. Mining activities can have a significant impact on the environment, including deforestation, soil erosion, and water pollution. These environmental impacts can have long-term effects on the ecosystem and human health. In recent years, there have been concerns about the environmental impact of mining activities in Tanzania, particularly in areas where artisanal and small-scale mining takes place. In conclusion, the microeconomic issues facing the mining sector in Tanzania include a lack of proper infrastructure, a shortage of skilled labor, government policies and regulations, and corruption and bribery and environmental degradation.
Uploads
Papers by Dianarose Kessy