News and Views

Mantra Tanzania named best Kinondoni tax payer

By  | 

Mantra Tanzania Limited has once again scooped award for being the overall winner in the category of compliant large taxpayers within Kinondoni Tax Division in the 2011-2012 financial year.

The company which has not yet started production in its proposed Mkuju River Uranium Mining project in Namtumbo District, Ruvuma Region, is being honoured by Tanzania Revenue Authority (TRA) for the second time for being tax compliant after it topped other companies in the same division last year.

The award was given on Wednesday during the TRA Tax Payers’ Day national celebrations held in Dar es Salaam and graced by Vice President Dr Mohamed Gharib Bilal.

The initiative is to recognise and appreciate tax payers for their invaluable contribution in revenue collection.

According to the tax body, Mantra Tanzania met all tax requirements and has continued to pay taxes voluntarily even before starting active production.

Mantra Tanzania Managing Director Asa Mwaipopo said at the ceremony that his company is committed to comply with all tax policies in the mining industry adding that his company will continue to play its obligations before and after the companies mining project.

“As Mantra Tanzania, we will always ensure that we follow all laws governing our operations voluntarily. We know that taxes play a pivotal role in any country’s development. Basing on this philosophy, we have been paying all taxes voluntarily and on time to enable the government improve infrastructures and services that will enable the country achieve economic development,” he said.

“My assurance to the public is we will continue to voluntarily pay all necessary taxes that are in line with the countries mining policies 2010,” he added.

Mwaipopo mentioned that tax paid by his company is the withholding tax as the company had not even started production.

He said apart from paying tax for the benefit of the entire country, the company will continue to ensure that the communities living near the mine are supported.

“We have introduced a strong Corporate Social Responsibility unit that takes care of the communities around the mine. There are a number of development projects that we have introduced and there are many that are still in the pipeline. These projects aim at supporting communities living around the mines”, Mwaipopo added.

On his speech, Vice President said voluntarily tax payment is a noble course that should be followed by all, adding that the companies recognised in this year’s celebrations have shown an example that should be emulated by others.

The TRA Commissioner General, Harry Kitilya said at the event that the authority’s efforts to collect more revenues in form of taxes were still undermined by the culture of some companies and individuals of not paying taxes voluntarily.

“There is a need for the business community to develop the culture of paying taxes…tax defaulting is still a big challenge to us but we shall come up with a concrete plan to fight the vice soon,” he added.

He mentioned that at the moment, there are 100,033 tax payers in the country and tax collected and submitted to the Treasury as of September this year is 754bn/-.

SOURCE: THE GUARDIAN

You must be logged in to post a comment Login

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.