Zambia Chamber of Mines wants mineral royalty payments to be a deductible expense
Since 2019, these payments have effectively attracted double taxation, and this aspect was left unchanged in the country’s latest budget
28 September 2020 - 19:11
Lusaka — Zambia should treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday.
Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the government’s annual budget unveiled on Friday...
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