Mining legislation and taxes amended
26 Feb 2016
The Zambian government has lifted a ban on the issuance of new mineral exploration licences and introduced a new mineral royalty tax (MRT), which replaces the fixed rates of 6 per cent for underground mines and 9 per cent tax for open cast mines. The MRT will now vary between 4 per cent and 6 per cent, depending on prevailing world copper prices. Zambia also suspended the 10 per cent export duty on ores and concentrates and removed the variable profit tax for mining operations, but retained the 30 per cent corporate tax rate.
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Type:
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Entry and establishment (Approval and admission)
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Promotion and facilitation (Investment incentives)
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Industry:
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Primary (Mining and quarrying)
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Sources:
