Tanzania, Africa's fourth largest gold producer, has told mining companies operating for more than five years to start paying a corporate tax of 30%, citing rising prices of precious metals at the world market.Tanzania's gold export earnings rose 31% last year to $US1.879 billion from 5US1.436 billion a year before on higher world prices for the commodity, Sospeter Muhongo, energy and minerals minister, told parliament in July.The minister said the Government wanted to earn higher revenues from mining companies due to the rising gold price and added the Government had ordered audits of all large-scale gold mines in the country to ensure they started paying corporate taxes after recovering their costs of production.
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