Magufuli orders audit of mining firms' earnings over taxes

Tanzanian President John Magufuli. FILE PHOTO | NMG

Tanzania's President John Magufuli has ordered a special audit of mining companies to determine if they pay their fair share of taxes to the East African country.

Mining contributes 3.5 per cent of the gross domestic product (GDP) in Tanzania, Africa's fourth-largest gold producer, but the government wants the sector to pay more taxes.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.