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20 April 2016

Zambia introduces legislation to reduce certain royalty payments with retroactive effect to April 1

The Zambian Government on April 13, tabled The Mines and Minerals Development (Amendment) Bill, 2016 to amend the Mines and Minerals Development Act, 2015 and reduce the mineral royalty payable by miningoperators with retroactive effect to April 1. In addition, the Income Tax Amendment Bill has removed the variable profit tax.

A Tax Alert prepared by Ernst & Young Zambia, and attached below, provides additional details.

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Document ID: 2016-0717

 

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