Zambia to Review Mining Taxes

Minister Alexander Chikwanda
Minister Alexander Chikwanda

ZAMBIA, Africa’s second-biggest copper producer, wants to review mining taxes.

According to finance minister Alexander Chikwanda, the move is to help boost government revenue after “inadequate” receipts from the sector last year. It is only fit and proper that the country gets optimal revenue from its depleting resources.

Mining taxes contributed 18,8 percent 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. – The Africa Report

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