Slide 1

Slide 2 4th TEITI Report for the year ended June 2012 Presented by: TEITI Secretariat 1 Slide 3 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 Slide 4 1 st 2 nd 3 rd AND 4 th REPORTS COMPARED Slide 5 Slide 6 Slide 7 Gold prices past 10 years Slide 8 Contribution by Sector (613/144 Bn, 387/110 Bn) Slide 9 Contribution by Commodity (Revenue) Commodity4 th Report (Tzs in Billion) 3 rd Report (Tzs in Billion) Gold482258 Diamonds98 Limestone108110 Tanzanite64.3 Gas146110 Uranium77 Bauxite0.7- Slide 10 Contribution by Commodity Slide 11 CONTRIBUTION BY PAYMENT TYPE ( IN TzS Billion) Payment Type4 th Report (Tzs in Billion) 3 rd Report (Tzs in Billion) Value Added Tax 11086 Pay As You Earn and SDL 107.6106 Royalties and rents 12282 Withholding Taxes 8941 Corporate Tax 17167 Protected gas revenue and profit per PSA 1938 Excise duty 58 Import duty 2722 Other taxes 55 NSSF contribution 43 PPF contribution 86 Slide 12 Companies that paid Corporation Tax S/NO.CompanyAmount Paid in TzS 1.Geita Gold Mine88,143,055,206 2.Resolute Mine Limited37,179,161,754 3.Tanzania Portland Cement Limited23,108,634,369 4.Tanga Cement Company Limited9,911,170,212 5.Mbeya Cement Company Limited4,356,014,765 6.Pan African Energy5,376,580,773 7.Songas Limited2,454,480,000 Tulawaka CIT/VAT offsets (USD 37,990,000 (approx TzS 61,467,440,100) Slide 13 Receipt by Government Agency No.AgencyAmount 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/PPF50,868,066,672 4. Tanzania Petroleum Development Corporation (TPDC) 22,150,352,267 5. Local Authorities1,203,634,004 6. Ministry of Finance (MoF)704,555,500 7. Other receipts from Government Entities outside the reconciliation scope 2,286,112,362 Slide 14 Thank You