evaluate the effects of taxation on mining companies in zambia
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evaluate the effects of taxation on mining companies in zambia

Mining taxation policy in Zambia: The tyranny of ...

Jun 13, 2019 · Instability, massive increases and novel taxes not seen anywhere in the world’. That is the way the outgoing Zambia Chamber of Mines President, Nathan Chishimba, described the new tax measures targeted at the mining sector in the 2019 budget.The Zambian government has charged that these new measures will ensure that the sector is paying its fair share of taxes, but the mining firms

Zambia tax regime unsustainable for mining sector

Sep 23, 2019 · The report, Assessment of Mining Fiscal Regime in Zambia: 2000- 2019, also notes that prior to the new tax regime, Zambia’s mines already faced some of the highest effective tax rates in the world, and that together with unstable tax environment, the high cost profile of the average Zambian mine makes for a challenging place to do business ...

The History of Mining Taxation Conflicts in Zambia – The ...

Jun 10, 2019 · The History of Mining Taxation Conflicts in Zambia. The process of liquidation of Konkola Copper Mines (KCM) commenced by the government of Zambia in May 2019 is but an episode in the historical conflict over taxation between the Mining Companies and various governments of Zambia since independence in 1964. Will it ever be resolved.

Taxing the mining sector - Mining For Zambia

President, Zambia Chamber of Mines Mining taxes are, once again, a hot topic in Zambia. In her 2019 Budget speech, the Honourable Mrs. ... Mining companies want to make the best possible return on their investment over the life of the mine, whilst

Tax regime - Zambia Mining Website

Corporate Tax. Exporters of copper and cobalt are levied 35% of taxable income whereas other mineral and ‘non-traditional’ commodities (i.e. excluding copper and cobalt) attract a levy of 15%. Companies listed on the Lusaka Stock Exchange are levied at 30% of taxable income. You might be interested to read something about Zambia Mining Website.

Zambia : Mining taxes negatively affecting mining companies

Apr 30, 2019 · The Zambia Chamber of Mines has described the production challenges faced by several mining companies as effects of the newly implemented new tax regime which it

The Taxation System in Zambia - Tax Justice and Poverty

In Zambia, income taxes are the major sources of revenue followed by consumption taxes (domestic VAT, import VAT and excise duty) and trade taxes (customs duty and export duty). Up until ten years ago, international trade taxes used to account for the bulk of the taxes collected but there has been a shift now to income taxes,

Zambia's failure to tackle double taxation will hurt ...

Sep 28, 2020 · ZAMBIA’S Chamber of Mines has called on the government to end the double taxation on mining companies which it said would hurt future investment in the debt-stricken country. Announcing its budget on September 25, Zambia retained a regulation that says miners are obliged to pay tax on all income including amounts paid to government in royalties.

Environmental impacts of mining in Zambia. Towards better ...

In Zambia, the mining industry (mostly the copper smelters) contributes to over 98% of the country’s SO 2 emissions. In the early 2000s, the total SO 2 emission was 346 700 ton/year (En - vironmental Council of Zambia 2008). Recent investments in mining activities are expected to yield increased SO 2 emissions because of several new copper ...

Zambia - Corporate - Taxes on corporate income

Feb 11, 2021 · Corporate - Taxes on corporate income. Zambia principally operates a source-based system for the taxation of income. Income deemed to be from a Zambian source is generally subject to Zambian income tax. However, the residence of a person/entity in Zambia will widen the scope of taxation to include interest and dividend income from abroad.

There’s need to evaluate mining policy, says CTPD – The ...

Apr 02, 2021 · There’s need to evaluate mining policy, says CTPD. By Masuzyo Chakwe on April 2, 2021. THERE is need to comprehensively evaluate mining policy in Zambia and curtail the reactive approach of redesigning the fiscal regime to respond only in the short term, says Centre for Trade Policy and Development senior researcher (extractives) Webby Banda.


Zambia became the second largest producer of copper, second to the Democratic Republic of Congo. This came at the back of increased copper productivity as a result of massive investments from mining giant companies which included Canadian mining companies Barrick Gold Corp. and First Quantum Minerals Ltd., both of which were

The Informal Sector in Zambia

Zambia. Used together, an interesting and insightful picture emerges. Defining informality to include businesses that are not registered with the Zambian Revenue Authority (ZRA) for tax purposes, this study finds that there are about 1.02 million informal micro and small enterprises (MSMEs) in Zambia, along with about 30,000 formal MSMEs. While ...

Taxation in Zambia - Wikipedia

Taxation in Zambia. In Zambia, the Zambia Revenue Authority, a body under the Ministry of Finance, is in charge of collecting taxes on behalf of the Zambian Government. Income in Zambia is taxed on the source principle or deemed source basis in some instances. Residents are taxed on domestic source of income and certain types of foreign income ...

Mining Law 2021 | Laws and Regulations | Zambia | ICLG

Oct 09, 2020 · The primary law governing the mining sector in Zambia is the Mines and Minerals Development Act No. 11 of 2015 of the Laws of Zambia (MMDA) as read together with the Mines and Minerals Development (Amendment) Act No. 14 of 2016. The MMDA became effective on 1 st July, 2015, although the date of assent was 14 th August, 2015.

Zambia Industry & Trade

Feb 15, 2021 · In the mining industry of Zambia, the output fell in 2011 to 0.7% as there was an uncertainty due to presidential elections due to which major investment projects were deferred. With the 2011 elections gone smoothly, the mining investment picked up the pace with a growth of 10.6% and 10.3% in 2012 and 2013.

Figure 8.1 from Petroleum Taxation: A Critical Evaluation ...

Its principal objectives are to critically evaluate the petroleum fiscal regime in the UK North Sea since 1975, and identify a fiscal regime that is acceptable to Government and oil industry alike. Government and oil companies are the key decision-makers in the upstream sector of Expand

Liberia: The Effects of Taxes On the Economic Growth of a ...

Jun 12, 2020 · We further refer to LRA's arbitrary increase in excise tax rate of tobacco from 35% to 80% and GST from 7% to 10% on November 1, 2016 when there was no law to the effect at the time. A tax

Impact of the Coronavirus (COVID-19) on the African ...

Apr 06, 2020 · Impact of the Coronavirus (COVID-19) on the African Economy. The COVID-19 crisis is affecting the entire world economy and that of Africa. Some key sectors of the African economy are already experiencing a slowdown as a result of the pandemic. Tourism, air transport, and the oil sector are visibly impacted.

The Effect of Service Quality on Customer Satisfaction: A ...

quality and customer satisfaction (Koskosas, 1995). Therefore, this study aims to evaluate the relationship between service quality and customer satisfaction and try to assess the effect of service quality on customer satisfaction in CBE Adama city. 1.1. Statement of the Problem

A concentrated mining sector - Mining For Zambia

Jun 24, 2016 · F our big mines dominate Zambia’s copper production, complemented by several smaller players who also play an important role. All the mines are backed by a wide range of respected international investors. The Zambian government, through its investment-holding company ZCCM-IH, is a minority shareholder in nearly all of them – and is, in effect, the biggest shareholder in Zambia’s mining ...

Economy and Globalization in Zambia

the European Commission, is attempting to show the benefits of mining in Zambia. They cite the ample reserves and importance of Zambia in the world copper and cobalt production. The government has privatized the mining sector and has provided tax breaks and incentives to mining companies operating in the country. Together with a

Zambia Budget 2019 - PwC

to increase taxes in the mining sector, it should be appreciated that a volatile tax regime is not conducive to long-term investment. The impact on jobs, investor confidence and investment arising from the last spate of reactive changes to the mining tax regime between 2013 and 2015 should not be forgotten. It is also a great

How Zambia is greening its way out of poverty

How Zambia is greening its way out of poverty. Situated in south-central Africa and bordering eight countries, peaceful and stable Zambia is approximately three times the size of the UK. Endowed with natural resources such as copper and hydropower, it ranks among the top 10

Zambia | Extractive Industries Transparency Initiative

Jun 01, 2021 · Zambia’s tax regime has undergone various changes over the past years. In 2014, the government increased mining royalty rates and temporarily removed the 30% corporate income tax for mining companies with the aim of generating an immediate stream of revenue once mining

Zambia Budget Bulletin 2020 - PwC

Following the 2019 and 2020 mining tax changes, Zambia will rank as one of the highest mining tax regimes in the world. Rising energy costs from poor rainfall, lower ore grades and fears of nationalisation have contributed to further decline in investment in the mining sector, resulting in

Zambia mining, a global case study of mismanagement ...

Mar 10, 2011 · About 62% of government tax revenue comes from copper receipts. For 30 years, copper production declined steadily from a high of 700 600 metric tonnes to a low of 226 192 metric tonnes in 2000. The decline was a result of poor management of the state-owned mines by Zambia Consolidated Copper Mines (ZCCM), and a considerable lack of investments.


TAX SYSTEM The Ministry of Finance and National Planning is responsible for the formulation of tax policy, in Zambia and the implementing agency is the Zambia Revenue Authority (ZRA). The legislative framework relating to the regulation and administration of the taxation is provided for in the Income Tax Act 1966, as amended. The source of

Factors That Affect Tax Comp liance among Small and

staff”. However, for tax purposes, Section 40(6) of the Companies Income Tax Act Cap C21 LFN 2004 alludes to companies with a turnover of N1 million and below operating in the manufacturing, agricultural production, solid mineral mining, and export trade sectors as SMEs; While subsection 8

Trade Union Country Report - Zambia

The major effect of the liberalization programme in Zambia in terms of labour market was the large scale retrenchments and lay offs of workers arising largely from restructuring of Companies and work force rationalization measures aimed at improving the efficiency of Companies following privatization. The loss of employment also arose from the

(PDF) The Effect of Tax Payment on the Performance of SMEs ...

The study examined the effect of tax administration and tax incentives on the growth of small and medium enterprises in the Kumasi Metropolis of Ghana. Explanatory research design supported by the ...

taxation | Definition, Purpose, Importance, & Types ...

Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. This article is concerned with taxation in general, its principles, its objectives, and its effects ...

Impact of the Coronavirus (COVID-19) on the African ...

Apr 06, 2020 · Impact of the Coronavirus (COVID-19) on the African Economy. The COVID-19 crisis is affecting the entire world economy and that of Africa. Some key sectors of the African economy are already experiencing a slowdown as a result of the pandemic. Tourism, air transport, and the oil sector are visibly impacted.

The Effects of Protectionism - Economics Help

Nov 15, 2015 · The main effect of protectionism is a decline in trade, higher prices for some goods, and a form of subsidy for protected industries. Some jobs in these industries may be saved, but jobs in other industries are likely to be lost.


Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. Agriculture, fishery and forestry, which account for 20 per cent of Zambian GDP, shrunk by 2.6 per cent in 2001. Compared to many other Southern African countries, Zambia has relatively abundant land and water. Some of 58 per cent of Zambia’s ...

Investment Policy Review of Zambia

PV tax present value tax REER real effective exchange rates RSA Republic of South Africa SADC Southern Africa Development Community SMEs small and medium-sized enterprises TNC transnational corporation UK United Kingdom VAT Value Added Tax WTO World Trade Organization WIR World Investment Report ZAMTEL Zambia Telecom ZAWA Zambia Wildlife Authority


sample of companies in order to assess the effect of privatization on their performance. The twenty largest non-copper mining companies by purchase price, the twenty largest non-copper mining companies by current assets at time of privatization and a remaining sample of smaller companies were chosen for the study. Via a series of sources,

Privatization in Developing Countries: What Are the ...

Mar 22, 2018 · The fiscal effects of privatization on income distribution are indirect and come through changes in revenues and expenditures. In particular, privatization may affect real income (net of taxes) if it reduces the tax burden differentially across households, or if it leads to increased access by the poor to government services funded by new tax ...

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