Zambia Budget 2019

2019-1-10 · 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

Prospectors and Developers Association of Canada …

2017-3-7 · the sector. (The EU plan) rests on the core principle that all companies – big or small, local or global - must pay a fair share of tax where real economic activity is taking place and where their profits are actually made." EU Vice-President Valdis Dombrovskis - 2015. 18

Economic Gains from Gender Inclusion: Even ...

2018-11-28 · A recent IMF staff study finds that barriers to women entering the labor force—think of tax distortions, discrimination, and social and cultural factors—are costlier than suggested by previous research and the benefits from closing gender gaps are …

MANAGING AND IMPROVING TAX COMPLIANCE SEPT 04

2021-4-25 · identification and treatment of tax compliance risks, and associated monitoring and evaluation activities that are required to gauge the effectiveness of the treatment strategies implemented. In addition to describing the basic principles of risk management in a tax compliance context, the guidance note includes many practical examples drawn

Africa Review Report on Mining

2012-9-11 · 2. The mining sector in Africa 6. Significance of the mining sector in Africa -Africa is well endowed with mineral resources. It harbours the world''s largest mineral reserves of platinum, gold, diamonds, chromite, manganese, and vanadium1. Table 1 illustrates Africa''s mineral potential and production in global terms.

World Bank/IMF Spring Meetings 2021: Development …

2021-4-9 · World Bank/IMF Spring Meetings 2021: Development Committee Communiqué. 1. The Development Committee met virtually today, April 9, 2021. 2. The COVID-19 pandemic has caused an unprecedented public health, economic, and social crisis, threatening the lives and livelihoods of millions. The economic shock is increasing poverty, worsening ...

Tax Treatment of Capital Losses

2021-5-9 · Gains from long-term investments are taxed at special capital gains tax rates of 0%, 15%, or 20%. The 20% rate affects only the highest earners. 2. All gains and losses from short-term transactions are added together to determine the net amount of …

The Taxation of Petroleum and Minerals

And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals. This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

A taxing problem: how to ensure the poor and vulnerable ...

2020-7-12 · "Another problem is that the international tax system may shift the tax base away from the ''source'' country, says Ms. Perry. "So, if a mining company has its headquarters (residence) in a richer country, but operates mines in a less-developed economy (the source), the source country may not get the lion''s share of the tax revenue.

Theoretical Perspectives on Resource Tax Design, Paper ...

2008-9-18 · powerful implications for efficient tax design,3 and are neglected only because the issues that remain merit separate treatment. The paper first reviews key features of the resource sector that shape the tax design problem, and the extent (or not) of their uniqueness. Section III …

The Impact of Privatisation on the Zambian economy

2007-3-8 · been taxable, the mining sector barely contributes at all. As shown in Appendix 8, mining contributes less corporation tax than smaller sectors such as the financial services and telecoms sector. The mining sector also claims back from the Zambian Government all of the VAT that it pays on goods that it buys locally.

(PDF) Quantitative Assessment of the Financial Sector: An ...

Enterprise Sector," IMF WP/01/182, November. Hilbers, Paul, Matthew Jones and Graham Sl ack, forthcoming, " Stress Testing F inan cial Systems: What to do When the Governor Calls," IMF Wo ...

How tax reform can promote growth and gender equality in ...

2021-6-4 · Going forward, expanded allowances, including refundable tax credits for childcare and targeted transfers to low-income s, should be considered to mitigate such biases. Other mechanisms can assist those in the informal sector or below taxable income thresholds. The progressivity of the income tax is an important issue for gender equality.

Taxing to Develop: International Taxation Challenges for ...

2019-4-18 · Alexandra Readhead, Technical Advisor to the Intergovernmental Forum on Mining (IGF) Opening Remarks: Vitor Gaspar: First, taxation is fundamental for development. Tax is the means that enables the state to deliver on inclusive and sustainable growth. Second, the IMF has been working on issues of international tax …

Taxation of specified mineral mining

2020-9-10 · 2.8 Aligning the tax rules that apply to specified mineral miners with general tax principles should help ensure, from a tax perspective, that the Government receives a fair rate of return from the specified mineral mining sector and that investment decisions are made more efficiently.

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

2019-6-13 · Sunley, E, T Baunsgaard and D Simard (2001), "The tax treatment of the mining sector: An IMF perspective", In World Bank Workshop on taxation for the mining sector (April 4-5, 2001), Washington DC. World Bank (2015), "Zambia economic brief fifth economic brief: Making Mining …

M S INVESTMENT PRIORITIES NATIONAL DEVELOPMENT …

2010-12-4 · 12. In the mid-70s the Erdenet mine, a Russian-Mongolian joint venture, began copper production. Since the Erdenet mine came online copper has been a substantial driver of Mongolian growth. The mine produces 120,000 to 135,000 tonnes of copper annually and has been a major part of the Mongolian mining sector and broader economy.

The Taxation of Petroleum and Minerals; Thursday ...

2010-9-9 · The Taxation of Petroleum and Minerals. September 9, 2010. Please RSVP acceptances only to [email protected] and include "Taxing Natural Resources" in the subject line. Guests are asked to arrive 10-15 minutes before the event to allow time …

Managing VAT in Africa – a mining perspective

2015-8-12 · This "Mining in Africa – a VAT perspective" publication seeks to ease the burden of monitoring VAT legislation specifically geared towards the mining industry. With our extensive Indirect Tax network in Africa, PwC can assist businesses involved in the mining industry, or those thinking of penetrating the market.

Guidance Note on Permanent Establishment Issues for …

2016-10-12 · Extractive Industries Taxation: ... While reference is made to the mining sector as required, the Note mainly deals with the ... perspective with the aim of aiding decision making on policy matters.

Sustainable Mining

2021-4-24 · Tax and royalty payments from the mining sector to government now contribute to well over 30 per cent of total tax revenues or the equivalent of 5.9 per cent of GDP. This compares with contributions of 8.2 per cent of tax revenues equivalent to only 1.3 per cent of GDP back in 2006.

Tax Solutions for Mining | Taxation Services | Deloitte ...

2021-8-27 · The African Mining industry is an integral cog to what is an intricate market landscape. Understanding the complexities of the various in-country regulations and tax rules is vital for business to navigate profitably through the industry. Deloitte Tax experts specialise in identifying real time solutions for mining entities across multiple tax ...

Zambia Mining Investment and Governance Review

2015-10-1 · the importance of the mining sector in Zambia in terms of geological potential, the level of foreign direct investment, and its contribution to national revenue and employment. MInGov''s methodology focuses on the status of govern-ance and investment conditions in the mining sector from the perspective of stakeholders, and as reported

Financial reporting in the mining industry | Mining ...

2  · PwC''s Financial reporting in the mining industry (FRIM) publication looks at how International Financial Reporting Standard (IFRS) is applied in practice by mining companies, identifying unique issues for the industry and how mining companies are responding to …

Corporate income taxes, mining royalties and other …

2015-6-3 · the distribution of the collected mining tax to states and municipalities. The municipalities are the main benefi ciaries of the CFEM. In addition, two Brazilian states enacted laws to create state mining taxes which are being challenged in court. Brazilian states Minas Gerais and Pará have enacted mining taxes based upon tonnage of mineral.

Corporate tax avoidance: it''s no longer enough to take ...

2019-10-8 · This kind of tax avoidance has become an art form at which the cleverest firms, like Apple, excel. The aggregate costs of such practices are enormous.

Tax treatment of crypto assets

 · Income tax treatment. With regard to income tax assessment, crypto assets are treated like other, tangible assets and any resulting income is calculated at the applicable rate. However, if crypto assets are assessed as yielding interest, they are deemed tangible assets in the sense of § 27 (3) of the Austrian Income Tax Act.

Tax Treaties and the Mining Sector

2018-8-7 · In the light of the specific tax treaty issues arising in the extractive industries, IGF and the International Senior Lawyers Project (ISLP) convened a meeting on June 25 in Paris entitled "Tax Treaties and the Mining Sector: Identifying issues and coordinating responses.". The aim of the meeting was to begin to answer the following questions:

AUSTRALI AN EXPERTS'' VIEWS OF HOUSING IN THE …

2021-2-12 · tax, planning and market responsiveness Almost two thirds of respondents (63%) indicated acceptance that tax treatment of housing plays an important role in explaining Australia''s poor record on housing affordability. However, respondents were highly divided in relation to the commonly articulated contention that high rates of housing

Guidance Note on the Tax Aspects of Negotiation and ...

2016-10-12 · Extractive Industries Taxation: CRP.3 – ATTACHMENT C Negotiation 2 between an investor and the government. It is generally beneficial to define as many of the natural resource development rules ...

Lots of IMF programmes are never completed – because …

2021-7-12 · Lots of IMF programmes are never completed – because they''re unworkable. July 12, 2021 10.24am EDT. The International Monetary Fund (IMF) gives loans to countries in economic trouble. In ...

The Taxation of Offshore Indirect Transfers Toolkit

2020-6-4 · About. The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – has undertaken, at the request of the G20, the development of a series of "Toolkits" to help guide developing countries in the implementation of policy options for issues in international taxation of greatest relevance to these countries.

Mining Tax Recommendations | Tax Services | Deloitte ...

2021-8-25 · The SIMS document recommended the introduction of new taxes in the mining sector. The new taxes were proposed to be in the form of windfall taxes, rent resource tax, sovereign wealth fund and export taxes. The DTC has not recommend the introduction of any new taxes for the mining sector. Recommendations. 1.

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