Home > mining royalties in zimbabwe
2014116&ensp·&enspProducers of the precious yellow metal pay 7% in royalties for mining gold in the country. The World Bank's country economist for Zimbabwe told an economic symposium in Harare on Wednesday that Zimbabwe's increased attention on the mining sector to boost its coffers would be affected by softer metals prices.
2016516&ensp·&enspHARARE The Zimbabwe Revenue Authority (Zimra) says the country's mining tax regime must be reviewed, in the wake of shrinking royalties over the past year from the sector. Zimra chairperson Willia Bonyongwe last week said the authority continued to hold discussions with government over the issue with the view that the current regime is unfair on miners.
2016212&ensp·&enspMining Contact us TAXATION IN ZIMBABWE Taxation in Zimbabwe is source based and has not changed to residency based system as had been discussed during the course of the year. Therefore all income that accrues or is deemed to have accrued in Zimbabwe is taxed in Zimbabwe. The tax year in Zimbabwe runs from 1 January to 31 December.
Smallscale and artisanal miners produced more gold than largescale companies in Zimbabwe in recent months. Proposed changes to the nation's mining laws to recognize and support smaller operations could boost production even more, smallscale miners and their advoes say.
2015814&ensp·&enspThe fiscal regime that applies in Botswana to the mining and metals industry is a combination of corporate income tax and royaltybased taxation. Corporate tax Mining companies that derive or are deemed to derive income from a source within Botswana (other than diamond mining companies) are subject to income tax on
20191120&ensp·&enspThe introduction of 2% royalties for small scale gold miners and a floating rate between 3% and 5% for large scale miners. Mining royalties will be tax deductible, however, only effective from 1 January 2020. Excise Duty on fuel, tobacco and alcohol products have been increased.
The High Court had to examine how a mining royalty should be calculated in accordance with the Mineral and Petroleum Resources Royalty Act. The High Court's recent decision regarding the calculation of a royalty. A win for the mining industry: The High Court's recent decision regarding the calculation of
By Mukasiri Sibanda Open for business? Totemic. That is the word which perhaps aptly sums up the potential of Zimbabwe's huge and diverse mineral wealth to propel the country's socioeconomic development agenda. Early this year, the Minister of Finance and Economic Development, Mthuli Ncube, declared that mega mining deals worth US$8 billion have been sealed.
201854&ensp·&enspDate: 22 May 2018 Loion: on, Johannesburg Website AIE will be hosting the exclusive Zimbabwe Mining & Tax Law Briefing in Johannesburg on 22 May. This is a 1 day briefing which will delve into the Mines and Minerals Act Policy & Regulation and Mineral Tax Regime in Zimbabwe An in depth analysis of the regulatory environment: 
Royalties are levied in terms of section 244 of the Mines and Minerals Act[Chapter21:05], whilst the royalty rates are fixed through the Finance Act.The Mines and Minerals Act provides for a full rebate of royalty in respect of all minerals or mineralbearing products used wholly within Zimbabwe. In Zimbabwe royalties are charged depending on
The ICLG to: Mining Laws and Regulations covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and restrictions, processing, beneficiation – in 28 jurisdictions.
Zimbabwe mining royalties go up 22.84%. Published: 17 July 2017 REVENUE from mining royalties has, in the first half of 2017, gone up by 22.84 percent to $34.27 million against a target of $27.9 million, buoyed by rising gold and platinum output. During the period Fidelity Printers and Refiners, the sole gold buyer in the country, spent $350
20121113&ensp·&enspMIneral royaltIes anD other MInIngspeCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at the net value of the mineral resource after the deduction of costs of production including normal profits, they should be levied as
20191112&ensp·&ensproyalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed
For a country whose diamond mining industry contributes 17% to its GDP, it becomes vital to harness the sector. Zimbabwe is taking steps to develop diamond processing sector locally in order to move up the diamond value chain. Zimbabwean government has been asking companies to process the diamonds found in the country before shipping them out.