mining royalties in zimbabwe

  • 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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  • Flaws in South Africa's mining royalties system brought to ,

    Today Corruption Watch (CW) launched its 2018 Mining Royalties Research Report, highlighting the complexities and challenges in the management and distribution of mining royalties to people living in mine-affected communities, the majority of whom remain without any tangible benefits Since 2004, South African law has decreed that mineral and petroleum resources belong to the people

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  • Mineral royalties and other mining- specific taxes - IM4DC

    MIneral royaltIes anD other MInIng-speCIfIC 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 ,

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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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  • Zambia Country mining guide - assetskpmg

    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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  • Botswana - ey

    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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  • 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 ,

    [24/7 Online ]
  • Zimbabwe Revenue Authority - zimracozw

    Duly instructed by the Acting Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), Desired Liaison Auctioneers shall be conducting a Customs Rummage Sale of forfeited and uncleared vehicles and goods

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  • Zimbabwe Fiscal Guide 2017/18 - homekpmg

    royalties 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

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  • Zimbabwe presents 2018 budget proposals - ey

    Input tax not claimed from Zimbabwe Revenue Authority (ZIMRA) is not allowable as a deduction for income tax purpos Mineral royalties With effect from 1 April 2017 A uniform royalty rate of 25% to apply on export of platinum by mining houses operating on a special lease and ordinary mining license With effect from 1 January 2018

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  • New Zimbabwe PGM royalties and fresh blow to Implats add ,

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  • Zimbabwe Tax Guide 2013 - pkf

    Mining companies are, in addition to their specific corporate rates of tax, subject to a royalty calculated on the gross sales relating to the transfer of mineral resourc The royalty is calculated using different percentages applicable to each the type of mineral The percentages range from 1% on base metals to 15% on precious ston TRUSTS

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  • Zimbabwe mining royalties, dividends to fund new SWF - Reuters

    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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  • Chamber of Mines of Zimbabwe

    The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals

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  • Namibia: Cabinet Intervenes in Mining Royalties Tussle ,

    Zimbabwe is the only southern African country which disallows the deductibility of royalties from the mining sector Namibia's royalty rates range from 2%-10% of the sales value

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  • Mining Promotion and Development , - mingovzw

    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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  • 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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  • Namibia: Cabinet Intervenes in Mining Royalties Tussle ,

    Zimbabwe is the only southern African country which disallows the deductibility of royalties from the mining sector Namibia's royalty rates range from 2%-10% of the sales value

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  • Robert Mugabe to nationalise Zimbabwe's diamond industry ,

    Mar 03, 2016· Robert Mugabe to nationalise Zimbabwe's diamond industry , received £16m in royalties and other fees from diamond min , was not getting much from Chinese-owned mining firms Zimbabwe was .

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  • Zimbabwe Fiscal Guide 2017/18 - homekpmg

    royalties 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

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  • Millions of dollars paid by diamond miners in Zimbabwe ,

    Jun 19, 2013· The group report, not the first one to suggest mining taxes in Zimbabwe are going to private pockets, fuels international fears that mining royalties are ,

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  • Govt to lower mining royalties - Zimbabwe Situation

    Dec 03, 2013· Government will lower royalties from mineral sales, particularly for gold miners in a bid to shore up deliveries and resuscitate its refinery, Fidelity Printers, the mines minister has sa Zimbabwe wants to reopen Fidelity, a subsidiary of the central bank which closed shop in 2008 after .

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  • Cabinet intervenes in mining royalties tussle - The Namibian

    Zimbabwe is the only southern African country which disallows the deductibility of royalties from the mining sector Namibia's royalty rates range from 2%-10% of the sales value

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  • Zimbabwe Individual - Taxes on personal income - PwC

    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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  • Miners to get royalties reprieve | The Herald

    Zimbabwe is likely to revoke the recent amendment to fiscal law that stops mining companies from claiming royalties for tax purpos The move to prohibit mining companies from claiming royalties .

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