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imf urges zambia to resolve tax issues with mining companies

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IMF urges Zambia to resolve tax issues with mining ...

The International Monetary Fund has urged Zambia, Africa's second-largest copper producer, to quickly resolve issues with mining companies over value-added tax refunds and an increase in

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IMF urges Zambia to resolve tax issues with mining

The International Monetary Fund has urged Zambia, Africa's second-largest copper producer, to quickly resolve issues with mining companies over value-added tax refunds and an increase in

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IMF urges Zambia to resolve tax issues with mining

LUSAKA, Dec 19 (Reuters) - The International Monetary Fund has urged Zambia, Africa's second-largest copper producer, to quickly resolve issues with mining companies over value-added tax

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IMF urges Zambia to resolve tax issues with mining

IMF urges Zambia to resolve tax issues with mining companies 19/12/2014 19/12/2014 / Dejar un comentario / English / Por editor The International Monetary Fund has urged Zambia, Africa’s second-largest copper producer, to quickly resolve issues with mining companies over value-added tax refunds and an increase in royalties.

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Zambia: IMF applauds tax resolve - IOL News that ...

The International Monetary Fund yesterday applauded Zambia's efforts to resolve tax issues in its copper mining industry, but warned that only further tightening of fiscal and monetary polices ...

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IMF Welcomes Zambian Mining Tax Regime Review

The leader of a recent International Monetary Fund (IMF) mission to Zambia has welcomed President Edgar Lungu's call for a review of the country's mining tax regime. IMF mission leader Tsidi Tsikata said: "The mission welcomes the recent easing of documentation requirements for value-added tax (VAT) refund claims of exporters and urges the authorities to resolve the large stock of outstanding claims.

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Zambia : IMF urges Zambia to up mine taxes to fight poverty

The International Monetary Fund (IMF) on Tuesday urged Zambia, Africa’s top copper producer, to increase mine taxes to fund roads and hospitals, even after the country scrapped a contoversial ...

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IMF Supports Zambian mine tax changes - Moneyweb

The International Monetary Fund backed plans by Zambia to change the mining industry’s tax system, while saying the country must accelerate the pace of cutting its fiscal deficit.

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Zambia initiates talks with mining companies over tax

Mitsubishi Materials acquires 30 href="https://mining-technology/deals/" class="c-nav-featured__menu-item-link"take in Mantoverde copper mine 15 Feb 2021 Companies

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

13-06-2019  Mining taxation policy in Zambia is unstable. Zambia’s policymaking in the area of mining taxation has been characterised by frequent policy changes and reversals. In the 2019 budget, slightly over half of the revenue measures proposed were directed at the mining sector representing yet another seismic shift in mining taxation policy.

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

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. “The effect of this is that mining companies end up being taxed on income that has already been paid over as a royalty – a situation referred to as double taxation,” said Reuters citing Zambia’s Chamber of Mines .

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Zambia open to talks on mining tax changes - Mining

Zambia had handed a US$8 billion tax bill to First Quantum Minerals (TSX: FM) in March, with the company recently saying it had provided documentation to rebut the assessment.

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GOVT, MINES SET FOR TAX ‘INDABA’ – Daily Nation

25-08-2020  Last week, Mr Musukwa said Government intended to hold a stakeholder meeting with man- agement of all mining companies to resolve issues surrounding the mine taxes. Meanwhile, Mr Musukwa said he would give a comprehensive statement regarding what was prevailing at Mopani Copper Mine, which had tendered a 90- day notice to place Mufulira and Nkana assets on care and

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Zambia's Lungu urges royalty settlement - Miningmx

[miningmx] – ZAMBIA’S newly elected president, Edgar Lungu, urged the country to resolve a royalty dispute with foreign-owned miners as well as outstanding tax issues, said the Wall Street Journal citing a presidential statement.

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Zambia: Mining companies resist the urge to cut jobs ...

Companies; Big Issues. Explore the big challenges, ... Zambia: Mining companies resist the urge to cut jobs despite new tax regime. Read more Author, Chiris Phiri, ... Mineworkers Union of Zambia President Joseph Chewe says LCM has opted to engage government over the controversial tax regime.

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Zambia slaps miner First Quantum with $8 billion tax bill ...

The ZRA said earlier on Tuesday it had issued a preliminary tax assessment of 76.5 billion Zambian kwacha to an unnamed “prominent mining company” for classifying imported goods as mining ...

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Zambia Hands First Quantum $7.9 Billion Tax Bill After ...

20-03-2018  Zambia handed First Quantum Minerals Ltd. a $7.9 billion tax bill and said it’s planning an audit of other mining companies going back six years.

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China steps in as Zambia runs out of loan options

11-12-2019  The IMF rejected Zambia’s request for a loan of $1.3bn, since “the borrowing plans provided by the authorities continue to compromise the country’s debt

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Corporate income taxes, mining royalties and other mining ...

tax burden on mining companies because governments view mining companies as quite profi table in light of increased mineral prices. Argentina, for example, is considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law. Australia enacted the Mineral Resource

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IMF boss says raise taxes on the rich to tackle inequality ...

07-01-2020  The IMF managing director, who succeeded Christine Lagarde last year, said higher taxes on the better off, the use of digital tools to boost tax collection, and reducing corruption would help fund ...

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GOVT, MINES SET FOR TAX ‘INDABA’ – Daily Nation

25-08-2020  Last week, Mr Musukwa said Government intended to hold a stakeholder meeting with man- agement of all mining companies to resolve issues surrounding the mine taxes. Meanwhile, Mr Musukwa said he would give a comprehensive statement regarding what was prevailing at Mopani Copper Mine, which had tendered a 90- day notice to place Mufulira and Nkana assets on care and

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Zambia: Mining companies resist the urge to cut jobs ...

Companies; Big Issues. Explore the big challenges, ... Zambia: Mining companies resist the urge to cut jobs despite new tax regime. Read more Author, Chiris Phiri, ... Mineworkers Union of Zambia President Joseph Chewe says LCM has opted to engage government over the controversial tax regime.

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EDITORIAL: Painful lessons SA must learn from Zambia’s

A pre-condition for IMF involvement is that Zambia first reach an agreement with private creditors as the Washington-based institution will not lend to a country that it thinks is on an ...

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Building capacity to prevent profit shifting by large ...

for improving tax audit capacities through a practical hands-on approach and was delivered in Zambia with ATAF. The deep-dive programme in the mining sector is delivered in Zambia through a partnership of ATAF, IGF and the OECD. It provides sector-specific guidance on BEPS challenges and capacity building support, including

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Zambia Mining Investment and Governance Review

01-10-2015  ZAMBIA MINING INVESTMENT AND GOVERNANCE REVIEW 3 The remaining four themes are either cross-cutting (D to F) or assess the importance of mining (M) in Zambia. These themes are: D. Economic Environment. This cross-cutting theme reviews broader economic factors, including cost competiveness, economic stability, the general

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FQM refutes ZRA’s tax scam report, but revenue body ...

22-03-2018  FIRST Quantum Minerals Limited has refuted allegations that the mining company has been importing spare parts without paying customs duty. But the Zambia Revenue Authority (ZRA) has insisted that its audit covers all mines and does not only affect FQM. ZRA on Thursday said it had uncovered a mining tax scam worth K76.5 billion.

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Zambian Royalty Spat Halts $2 Billion of Copper Mine ...

Zambia doesn’t get enough from its mineral resources, but would be willing to consider mining company grievances over the royalty, Finance Minister Bwalya Ng’andu told state television on Sunday. Zambia, Africa’s No. 2 copper producer, depends on the metal for about 70% of its export revenues.

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IMF boss says raise taxes on the rich to tackle inequality ...

07-01-2020  The IMF managing director, who succeeded Christine Lagarde last year, said higher taxes on the better off, the use of digital tools to boost tax collection, and reducing corruption would help fund ...

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Zambia’s looming debt crisis – is China to blame?

The energy sector has also been unable to cover the costs of its loans. This is mostly because the state-owned energy company ZESCO was not able to increase its electricity tariffs to the major mining companies in line with its higher costs, and for political reasons was not allowed to increase tariffs for other customers.

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Corporate income taxes, mining royalties and other mining ...

tax burden on mining companies because governments view mining companies as quite profi table in light of increased mineral prices. Argentina, for example, is considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law. Australia enacted the Mineral Resource

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