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Article

11 Mar 2012

Author:
Florian Kaijage, Guardian on Sunday [Tanzania]

The fierce battle for $205m uranium tax [Tanzania]

Tanzania Revenue Authority (TRA) and Russian company JSC Atomredmetzoloto (AMRZ) [part of State Atomic Agency Corporation (Rosatom)] are in fierce legal battle over the $205.8 million (Sh330billion) that TRA demands from the company as an income tax and stamp duty emanating from the latter’s purchase of Mkuju River Uranium mining site from Mantra Resources of Australia in 2011. The legal battle is before the Tax Revenue Appeals Board...On some of the reasons to support the appeal, the appellant (ARMZ) prays that: “The appellant is a non-resident company that has no presence in Tanzania, is not registered in Tanzania with no Tax Identification Number (TIN) and hence...the appellant challenges the jurisdiction of the [TRA] in making such decisions.”