[miningmx.com] – ZAMBIA has started paying value added tax (VAT) refunds to mining companies, said Reuters citing comments by the southern African country’s mines, energy and water development minister, Christopher Yaluma.
“We are very committed to repaying. We have started to pay and that’s to clear the debacle,” Yaluma told Reuters on the sidelines of the Zambia Mining Investment Forum.
Mining companies had claimed for months that they were owed more than $600m in VAT refunds and in February the government decided to relax the rule requiring exporters to produce import-export documents to claim the refunds, said Reuters.
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