Mining Royalties In Zimbabwe

Zimbabwe - Corporate - Deductions

Mar 01, 2021· A mining exploration expenditure incurred before commencement of production is deductible in full in the first year of production against income derived from the mine. Subsequent development expenditure is presently written off in the year expended. Zimbabwe has thin capitalisation rules based on a 3:1 debt-to-equity ratio. A portion of the

Get Price

Mining Royalties - ISBN: 0821365029

3.10 Exposure to Risk with Periodic Mineral Royalties 125 3.11 Private Party Mineral Royalties in South Africa, 1990–2004 130 3.12 Differences between State and Private Mineral Royalties in South Africa 132 4.1 Gold Model (leveraged) Summary of Royalty and Tax Calculations 151 4.2 Gold Model ( equity) Summary of Royalty

Get Price

The contribution of artisanal and small-scale gold mining

Feb 26, 2018· In 2016, Zimbabwe's gold mining sector as a whole, consisting of both artisanal and small-scale mining (ASGM) and large-scale gold mining (LSGM), contributed 2.6% of gross domestic product (GDP), 18% of exports, 28% of mining output, and 1% of government revenues (royalties only) and employed 7.1% of the labor force.

Get Price

Zimra starts collecting mining royalties | eBusiness Weekly

Jun 16, 2021· The Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury. The tax authority said yesterday all mining entities and individuals should start complying with the new requirements for remitting mining royalties

Get Price

Zimbabwe presents 2020 mid-term budget proposals | EY - Global

Mining royalties With effect from 1 January 2010. The following are deemed to be agents of the Commissioner General for purposes of collecting royalties on the sale of minerals. All minerals except gold; the Minerals Marketing Corporation of Zimbabwe (MMCZ) or any person authorized by them to export such minerals in its own right.

Get Price

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

Get Price

Zimra begins deducting mining royalties

Jun 17, 2021· THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of the Treasury. The Zimbabwe tax authority said yesterday all mining entities and individuals should

Get Price

ZIMPLATS (Pvt) Ltd v ZIMRA & Another (HC 12292/11, HH 169

It is also a holder of a Mining Agreement (M.A) signed between it and the Government of Zimbabwe (the Government). Both documents were executed on 24 August 1994. Up until December 2003, the applicant paid a flat royalty rate of 2.5% across the board for all products as per the royalty rate contained in the Mining Agreement.

Get Price

Zimbabwe's platinum reserves raise mining sector hopes

Jul 31, 2013· Mining companies in Zimbabwe paid $81.1 million to the government in royalty payments during the first half of 2013. Media reports suggest that the government is eager to bring royalties

Get Price

Post Mine Registration Guidelines – Mining Matters

Sep 04, 2020· The rates of royalties vary per mineral and are collected at export and disposal. On behalf of Government Fidelity Printers and Refiners collects royalties for gold and silver when it disposed to them and Minerals Marketing Corporation of Zimbabwe for all other minerals when export receipts are received. 5. Payment to Rural District Councils (RDCs)

Get Price