mining royalties in zimbabwe

  • Tax Law and Practice in Zimbabwe

    Royalties paid to ordinary residents of Zimbabwe are subjects to income tax @25% + 3% AIDS Levy In the hands of the payer, royalties are allowable as a deduction However, royalties paid by mining companies are disallowable as a deduction, with effect from 1 January 2014.

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  • Zimbabwe: Mining Sector to Start Paying Royalties Next

    Dec 16, 2003· Harare — GOVERNMENT will commence collection of royalties from mining operations from January 1 next year under the mining tax regime introduced in 2001, in.

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  • Mining Law 2019

    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 29 jurisdictions.

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  • Botswana

    2 Rate for other mining companies (excluding diamond mining companies) ranges from 22% to 55% B Fiscal regime The fiscal regime that applies in Botswana to the mining and metals industry is a combination of corporate income tax and royalty-based taxation Corporate tax Mining companies that derive or are deemed to derive income from a source.

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  • Gold Miners Association of Zimbabwe

    Zimbabwe can work on the supply side while we can work on the demand side,” he sa This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher pric Mining experts say the mineral is mostly illegally sold in South Africa.

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  • Mining Royalties

    ing with governments to try to encourage new investment in mining while simultaneously ensuring that adequate and fair taxation is practiced This book provides a general discussion of the concepts behind min-ing taxation, a “nuts and bolts” guide to royalties, examples of royalty.

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  • The Zimbabwe 2019 Mid-Term Fiscal Policy Review

    The introduction of 2% royalties for small scale gold miners and a rate floating between 3% and 5% for large scale miners, depending on the selling price Mining royalties will be tax deductible, however, only effective from 1 January 2020 Excise Duty on fuel, tobacco and.

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  • Mining Zimbabwe

    MINING CHALLENGES FACED BY ARTISANAL, SMALL - MEDIUM SCALE The following points among others are the problem faced by small scale and artisanal miners in Zimbabwe.

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  • Mining royalties dip 45 percent

    Jan 29, 2014· HARARE - Zimbabwe's mining royalties slumped by 45 percent to $133,7 million against a target of $245 million in the full year to December 2013, casting further doubt on the country’s 2014 economic projections Sternford Moyo, the Zimbabwe Revenue Authority (Zimra) chairperson said the.

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  • Zimbabwe mining royalties, dividends to fund new SWF

    Jan 13, 2014· HARARE, Jan 13 (Reuters) - A proposed sovereign wealth fund in Zimbabwe will be bankrolled by as much as a quarter of royalties and special dividends earned on minerals such as diamonds, gold and.

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  • Zimbabwe: Mineral Royalty Payments, Africa Research

    Jan 01, 2013· Zimbabwe: Mineral Royalty Payments Zimbabwe: Mineral Royalty Payments 2013-01-01 00:00:00 Mining companies in Zimbabwe, including powerhouse South African platinum miners Zimplats, Anglo American Platinum and Aquarius Platinum , paid US$811m into the country's coffers in mineral royalty payments during the first half of 2013 Zimbabwe relies heavily on mining and.

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  • ‘Mining regulations still restrictive’

    Oct 29, 2018· For Botswana, precious stones have a 10% royalty, precious metals 5% and other minerals or mining products 3% To that effect, Zimbabwe generally is more expensive compared to other countries in.

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  • Zimbabwe: Mineral Royalty Payments, Africa Research

    Jan 01, 2013· Zimbabwe: Mineral Royalty Payments Zimbabwe: Mineral Royalty Payments 2013-01-01 00:00:00 Mining companies in Zimbabwe, including powerhouse South African platinum miners Zimplats, Anglo American Platinum and Aquarius Platinum , paid US$811m into the country's coffers in mineral royalty payments during the first half of 2013 Zimbabwe relies heavily on mining and.

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  • Royalties may shut 75% of Zimbabwe gold sector

    Jan 16, 2014· Producers 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 pric.

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  • Zambia Country mining guide

    prominent role in mining, particularly in the resettlement of their subjects The Zambian government is pursuing an economic diversification program to reduce its reliance on the copper industry An agreement on rail cooperation between South Africa, Zambia, Zimbabwe and the Democratic Republic of Congo (DRC) allowing copper rich.

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  • Zimbabwe Platinum Mines (Pvt) Ltd v ZRA & Ors HH-169-15

    Zimbabwe Platinum Mines (Pvt) Ltd v ZRA & Ors HH-169-15 (Makoni J) (judgment delivered 29 January 2015) The applicant was the holder of a special mining lease issued by the Minister of Mines in terms of Mines and Minerals Act [Chapter 21:05]It was also a party to a mining agreement (MA) with the Government of Zimbabwe.

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  • Mining Laws

    The mining location is liable for forfeiture or under attachment; Duties, fees, royalties, rentals and other payments in respect of the mining location are outstanding with the Mining Commissioner’s office There are outstanding payments due to the Rural District Council; Transfers can only be made to permanent residents of Zimbabwe.

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  • About Zimbabwe Mining & Taxation Law 2018

    May 04, 2018· Date: 22 May 2018 Location: 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: [,].

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  • Zimbabwe Is Willing to Negotiate Mining Royalties

    Feb 28, 2014· Zimbabwe’s government is willing to negotiate royalties with mining companies, Finance Minister Patrick Chinamasa said after the government proposed channeling a quarter of the levies into a.

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  • Zimbabwe Individual

    The Zimbabwean tax system is currently based on source and not on residency Income derived or deemed to be derived from sources within Zimbabwe is subject to tax It has been indicated that Zimbabwe is considering moving to a residence-based system during the current tax reform exercise.

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  • Mining Promotion and Development ,

    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 ActThe Mines and Minerals Act provides for a full rebate of royalty in respect of all minerals or mineral-bearing products used wholly within Zimbabwe In Zimbabwe royalties are charged depending on.

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  • Mining Taxation In Zimbabwe

    Mining Taxation In Zimbabwe Mining companies extracting minerals are subject to various taxes and levi These taxes constitute the country’s mining fiscal regimeThe following taxes and levies are charged on mining operations: MINERAL ROYALTIES A royalty is a usage based tax which is calculated as a percentage of the gross fair market.

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