Tanzania court upholds $41m Barrick Gold tax bill

 

In Summary

2African Barrick Gold, which later changed its name to Acacia Mining, now has to pay TRA Sh95bn after the Court of Appeal upheld the Tax Revenue Appeal Tribunal’s verdict

By James Magai @TheCitienTZ news@tz.nationmedia.comThe Court of Appeal on August 31 dismissed an appeal case filed by African Barrick Gold PLC (ABG) against Tanzania Revenue Authority (TRA) over a tax demand amounting to $41,250,426 (equal to over