4th TEITI Report for the year ended June

2012

Presented by: TEITI Secretariat

1

43 taxpayers selected ( 30, 23,11 previous) 43 taxpayers responded

– -Geo Can Resources (unilateral disclosure by Govt) – Maweni Limestone Ltd (provided disclosure but with rounded

numbers with no payment flow details)

Govt reported to receive TzS 221,979,150 from Geo Can Resources– 0.03%

Government receipts TzS 757 Bn (US $ 468 million) (previous reports: TzS 497Bn, TzS 419Bn, 128 Bn)

TzS 760 Bn (US $ 470 million) payments by companies TzS 2.0 Bn Net difference at end of reconciliation

HIGHLIGHTS

1st 2nd 3rd AND 4th REPORTS COMPARED

3 9 12 208 14 18 2311 23 30 43

128

419497

757

1st Recon 2nd Recon 3rd Recon 4th Recon

Comparison of 4 TEITI ReportsGas companies Mining companiesTotal companies selected Total revenue in Tzs Bn

Gold prices past 10 years

Contribution by Sector(613/144 Bn, 387/110 Bn)

Minerals81%

Oil and Gas19%

Contribution by sector- 4th

Minerals78%

Oil and Gas22%

Contribution by sector- 3rd

Contribution by Commodity (Revenue)

Commodity 4th Report (Tzs in Billion)

3rd Report (Tzs in Billion)

Gold 482 258

Diamonds 9 8

Limestone 108 110

Tanzanite 6 4.3

Gas 146 110

Uranium 7 7

Bauxite 0.7 -

Contribution by Commodity

Gold64%

Limestone14%

Tanzanite1%

Diamond1%

Oil and Gas19%

Bauxite0%

Uranium1%

Contribution by Commodity

Gold52%

Diamonds2%

Limestone22%

Tanzanite1%

Uranium1%

Gas22%

Contribution by commodity- 3rd

CONTRIBUTION BY PAYMENT TYPE ( IN TzS Billion)

Payment Type 4th Report (Tzs in Billion)

3rd Report (Tzs in Billion)

Value Added Tax 110 86

Pay As You Earn and SDL

107.6 106

Royalties and rents 122 82

Withholding Taxes 89 41

Corporate Tax 171 67

Protected gas revenue and profit per PSA

19 38

Excise duty 5 8

Import duty 27 22

Other taxes 5 5

NSSF contribution 43 43

PPF contribution 8 6

Companies that paid Corporation TaxS/NO. Company Amount Paid in TzS

1. Geita Gold Mine 88,143,055,206

2. Resolute Mine Limited 37,179,161,754

3. Tanzania Portland Cement Limited 23,108,634,369

4. Tanga Cement Company Limited 9,911,170,212

5. Mbeya Cement Company Limited 4,356,014,765

6. Pan African Energy 5,376,580,773

7. Songas Limited 2,454,480,000

Tulawaka CIT/VAT offsets (USD 37,990,000 (approx TzS 61,467,440,100)

Receipt by Government Agency

No.

Agency Amount in Tzs

1. Tanzania Revenue Authority (LTD/DRD/CED) 549,642,807,130

2. Ministry of Energy and Minerals (MEM) 126,441,314,425

3. NSSF/PPF 50,868,066,672

4. Tanzania Petroleum Development Corporation (TPDC) 22,150,352,267

5. Local Authorities 1,203,634,004

6. Ministry of Finance (MoF) 704,555,500

7. Other receipts from Government Entities outside the reconciliation scope 2,286,112,362

Thank You