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Zambia to review mining taxes
http://www.africaeagle.com/2014/06/zambia-to-review-mining-taxes.html
Zambia finance minister
Alexander Chikwanda said on Wednesday the country wanted to review
mining taxes to boost government revenue after “inadequate” receipts
from the sector last year.
Zambia is Africa’s second-biggest copper producer.
Mining taxes contributed 18.8 per cent to government revenue in 2013, Chikwanda told parliament late on Tuesday.
“The contribution of the mining sector is admittedly inadequate. It is only fit and proper that the country gets optimal revenue from its depleting resources.
“There will be an appropriate and opportune time for parliament to review the existing legislation,” he said.
Zambia is Africa’s second-biggest copper producer.
Mining taxes contributed 18.8 per cent to government revenue in 2013, Chikwanda told parliament late on Tuesday.
“The contribution of the mining sector is admittedly inadequate. It is only fit and proper that the country gets optimal revenue from its depleting resources.
“There will be an appropriate and opportune time for parliament to review the existing legislation,” he said.
