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Mining Royalties In Zimbabwe

  • Miners in talks with government over tax – Nehanda Radio

    Jun 22, 2017 · Miners in talks with government over tax. . the review of the country's mining tax regime by the end of 2017. . one percent as royalty fees. The royalty rates in Zimbabwe .

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  • Zimbabwe Revenue Authority

    Public Notice Due date for returns and payments of VAT for clients in VAT categories B & C ()The Zimbabwe Revenue Authority (ZIMRA) hereby reminds its valued clients who are registered for Value Added Tax (VAT).

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  • Zimbabwe's Small-Scale, Artisanal Miners Emerge as Country .

    Government revenues from mining royalties in general were more than 40 percent below the national target in 2016, according to a year-end revenue report released by the Zimbabwe Revenue Authority. The Zimbabwean government has tried for years to collect more of the gold that is being mined within its national borders, with limited success.

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  • New Zimbabwe PGM royalties and fresh blow to . - MINING.COM

    Mar 10, 2013 · Zimbabwe's mines minister over the weekend announced new royalties on platinum group metals – already a steep 10% – to encourage miners to start refining the metal inside the country.

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  • Govt mulls increasing mining royalties | The Herald

    Aug 25, 2017 · Mining royalties are charged in terms of the Mines and Minerals Act and according to the Zimbabwe Revenue Authority's schedule diamond miners .

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  • Zimbabwe Fiscal Guide 2017/18

    royalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed

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  • Zim economy re-dollarising rapidly - The Zimbabwe Independent

    Jan 31, 2020 · The recent public notice by the Zimbabwe Revenue Authority (Zimra) on the payment of domestic taxes in foreign currency is nothing short of a tacit admission by government that de-dollarisation has failed. The affected domestic taxes include Pay-As-You-Earn (PAYE), value-added tax (VAT), corporate tax, capital gains tax (CGT) and mining royalties.

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  • Corporate income taxes, mining royalties and other mining .

    PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 1 This summary of income taxes, mining taxes and mining royalties should allow the reader to roughly compare the various governmental costs of investing in a mining operation in a particular country. The countries included in this comparative

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  • Quick wins for Zimbabwe to attract FDI inflows - NewsDay .

    Jul 10, 2018 · Zimbabwe's mining royalties are among the highest in the region. A royalty is a usage based tax, which is calculated as a percentage of the gross fair market value of minerals produced (not .

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  • Minerals Marketing Corporation of Zimbabwe

    Minerals Marketing Corporation of Zimbabwe (MMCZ) was established through an Act of Parliament (MMCZ Act Chapter 21:04) and began operations in March 1983. It is owned by the Government of Zimbabwe and falls under the ambit of the Ministry of Mines and Mining Development.

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  • Zimbabwe: Mining Sector to Start Paying Royalties Next .

    Harare — GOVERNMENT will commence collection of royalties from mining operations from January 1 next year under the mining tax regime introduced in 2001, in line with regional and international .

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  • Zimbabwe Tax Body Orders Companies to Pay in U.S. Dollars

    Jan 27, 2020 · Taxes, including pay-as-you-earn, value-added tax, income tax, capital-gains tax and mining royalties must now all be settled in foreign currency, Zimra said in a statement Monday.

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  • Zimplats royalty expenses hit 12,2m - Zimbabwe Situation

    Mar 05, 2019 · Oliver Kazunga Senior Business Reporter ZIMBABWE'S largest platinum producer, Zimplats, has recorded a 74 percent increase in royalty and commission expenses to 12,2 million for the half year period ended December 31, 2018. During the comparable period in 2017, royalty and commission expense by the platinum miner stood at 7 million.

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  • New Zimbabwe PGM royalties and fresh blow to . - MINING.COM

    Mar 10, 2013 · Zimbabwe's mines minister over the weekend announced new royalties on platinum group metals – already a steep 10% – to encourage miners to start refining the metal inside the country.

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  • Mineral and Petroleum Resources Royalty

    The rate for the royalty is determined according to a formula contemplated in subsections (1) and (2) of section 4 of the Mineral and Petroleum Resources Royalties Act, 2008 and differentiates between the refined and unrefined conditions of the mineral resource, and are currently as follows –

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  • Zimbabwe mining royalties, dividends to fund new Sovereign .

    Jan 13, 2014 · Finance Minister Patrick Chinamasa said in October Harare planned a sovereign wealth fund law by February but hinted at the time the government might not have any money at first due to the need to overhaul crumbling infrastructure. But a Sovereign Wealth Fund of Zimbabwe Bill seen by Reuters on Monday said a "portion, not exceeding a quarter of royalties" from seven minerals, .

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  • Mining Taxation In Zimbabwe | Ministry of Mines and Mining .

    Mining Taxation In Zimbabwe . Mining companies extracting minerals are subject to various taxes and levies. These taxes constitute the country's mining fiscal regime.The following taxes and levies are charged on mining operations: MINERAL ROYALTIES. A royalty is a usage based tax which is calculated as a percentage of the gross fair market .

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  • Zimbabwe Consolidated Diamond Company, ZCDC - Website

    Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) is a diamond mining company wholly owned by the Government of Zimbabwe. The Company has mining operations in Manicaland in Mutare' s Chiadzwa area and in Chimanimani. The Company is conducting exploration and resource evaluation programs across Zimbabwe and expects to open new mines in .

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  • Tax Law and Practice in Zimbabwe - Facebook

    Jul 16, 2014 · Royalties paid to ordinary residents of Zimbabwe are subjects to income tax @25% + 3% AIDS Levy. In the hands of the payer, royalties are allowable as a deduction. However, royalties paid by mining companies are disallowable as a deduction, with effect from 1 January 2014.

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  • Mining 2020 | Laws and Regulations | Zimbabwe | ICLG

    Zimbabwe: Mining 2020. The ICLG to: Mining Laws and Regulations - Zimbabwe covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and restrictions, processing, beneficiation – .

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  • Zimbabwe Fiscal Guide 2017/18

    royalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed

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  • Mining Claims for sale - Mining Resource Base Zimbabwe

    Ministry of Mines and Mining Development; Zimbabwe School of Mines; Home. Business Opportunities. Mining Claims for sale. Mining Claims for sale. Add your listing here Results 1 - 5 of 5 This Category · All Listings. 18 hectare gold claim for sale in Kwekwe 0 reviews. Located in Globe and Phoenix. Still new and . Call Mr Dee on 0779 578043.

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  • Chamber of Mines :: Mining Tax Regime

    Allowable deduction for calculating taxable income: Pre-production exploration, development, dividends, capital equipment, royalties, operating costs, loan interest .

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  • mining royalties in zimbabwe

    Know More ; Mining Promotion and Development - ([email protected], Royalties are levied in terms of section 244 of the Mines and Minerals Act[Chapter21:05], whilst the royalty rates are fixed through the Finance ActThe Mines and Minerals Act provides for a full rebate of royalty in respect of all minerals or mineral-bearing products used wholly within Zimbabwe In Zimbabwe royalties are charged .

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  • Miners want royalties paid in local currency – DailyNews

    Nov 10, 2019 · HARARE - The newly-formed Harare Chess Association (HCA) chairperson Farirai Gumbe says the sport helps improve the learning, thinking, analytical power, and decision-making ability of children.This comes after the association's first successful maiden tournament dubbed the HCA Independence C.

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  • New fiscal proposals - Zimbabwe Situation

    Nov 21, 2019 · Mining Royalties. Mining royalties are payable in foreign currency. . Disclaimer: This article was compiled by the Zimbabwe Revenue Authority for information purposes only. Zimra shall not accept responsibility for loss or damage arising from use of material in this article.

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  • Zimbabwe tax body orders companies to pay in US dollars .

    Jan 27, 2020 · Zimbabwe tax body orders companies to pay in US dollars Taxes, including pay-as-you-earn, value-added tax, income tax, capital-gains tax and mining royalties. Ray Ndlovu, Bloomberg / .

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  • Mining Claims for sale - Mining Resource Base Zimbabwe

    Ministry of Mines and Mining Development; Zimbabwe School of Mines; Home. Business Opportunities. Mining Claims for sale. Mining Claims for sale. Add your listing here Results 1 - 5 of 5 This Category · All Listings. 18 hectare gold claim for sale in Kwekwe 0 reviews. Located in Globe and Phoenix. Still new and . Call Mr Dee on 0779 578043.

    Live Chat »
  • Zimbabwe Consolidated Diamond Company, ZCDC - Website

    Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) is a diamond mining company wholly owned by the Government of Zimbabwe. The Company has mining operations in Manicaland in Mutare' s Chiadzwa area and in Chimanimani. The Company is conducting exploration and resource evaluation programs across Zimbabwe and expects to open new mines in .

    Live Chat »
  • Zimbabewe 2019 mid-term fiscal policy review

    The introduction of 2% royalties for small scale gold miners and a floating rate between 3% and 5% for large scale miners. Mining royalties will be tax deductible, however, only effective from 1 January 2020. Excise Duty on fuel, tobacco and alcohol products have been increased.

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