- Zambia considering scrapping corporate tax for mining companies
- Instead, companies would face higher mineral royalty rate
- Dispute over $600 million in VAT refunds withheld by government
- Glencore and Konkola Copper Mines halting investments due to VAT issue
- Regulation requires mining companies to produce import certificates to qualify for tax refunds
- Zambia trying to ensure it receives fair value for its mineral exports
- Industry claims it is impossible to trace products sold to multi-national trading houses
Source: ca.style.yahoo.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
