[miningmx.com] – ZAMBIA has eased regulations allowing mining firms in the country an improved passage to earning tax refunds and said it would discuss plans for higher royalties, said Bloomberg News.
The newswire said the initiatives were part of newly elected president Edgar Lungu’s pledge that he wouldn’t “allow a single mining job” to be lost.
In terms of VAT returns, it’s now possible for future export earnings to be supported by documents from transit countries rather than destinations which makes it easier for miners to prove where they sold their metals.
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