TRA yaikadiria ACACIA Deni la Tsh. Trilioni 425.4 Kama Malimbikizo ya Kodi

Leo kampuni ya ACACIA imepokea makadirio ya kodi ambazo hazijalipwa zilizotokana na ripoti za kamati za Rais kuhusiana na makinikia.

TRA imeitumia taarifa Acacia inayoonyesha inadaiwa Tsh 425.4 trilioni ikiwa ni malimbikizo ya kodi, riba na adhabu kati ya mwaka 2000-2017.

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Receipt of Tax Assessments

24 Jul 2017

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Acacia notes that Bulyanhulu Gold Mine Limited (“BGML”) and Pangea Minerals Limited (“PML”), the owners and operators of the Bulyanhulu and Buzwagi mines, respectively, have today received a series of Notices of Adjusted Assessment (the “Assessments”) from the Tanzania Revenue Authority (“TRA”) for historical corporate income tax, covering the periods 2000 to 2017 for BMGL and 2007 to 2017 for PML. The Assessments are issued in respect of alleged under-declared export revenues, and appear to follow on from the findings of the First Presidential Committee announced on 24 May 2017 and the Second Presidential Committee announced on 12 June 2017. As we have stated previously, Acacia refutes each set of findings and re-iterates that it has fully declared all revenues. We have yet to receive copies of the reports issued by the First and Second Presidential Committees. The allegations made by the First and Second Committee are included in the matters that both BGML and PML have already referred to international arbitration.

The Assessments assert that BGML owes the Government a total of approximately US$154 billion, and PML approximately US$36 billion. The Assessments claim a total of approximately US$40 billion of alleged unpaid taxes and approximately US$150 billion of penalties and interest owed. Acacia disputes these assessments. The Company is considering all of its options and rights and will provide a further update in due course.