— Mining companies that operate in Zimbabwe include subsidiaries of Impala Platinum Ltd., Anglo American Platinum Ltd and Sibanye Gold Ltd. ... Mining royalties are deducted as a percentage of the ...

 — THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury.

 — The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation and royalties for exploration and mining entities operating within the country's mineral-rich landscapes. Special Tax Incentives for Miners …

 — Mining companies operating in Zimbabwe to pay royalties in commodities and cash. by The Exchange. October 25, 2022. in Africa, Mining, Zimbabwe. Reading Time: 4 mins read 901 9. 0. ... Mining …

 — Mineral royalties accounted for 2.8% of Zimbabwe's tax revenue in 2021, Zimbabwe Revenue Authority data shows.

 — Zimbabwe will make global miners pay some royalties with gold, diamonds, platinum, and lithium rather than cash. Zimbabwe President Emmerson Mnangagwa attending the presidential …

The Mines and Minerals Act Chapter 21:05 is the law for the mining industry in Zimbabwe. There are other Acts and Regulations that draw their existence from this Mines and ... Duties, fees, royalties, rentals and other payments in respect of the mining location are

 — The royalty policy that came into effect in October compels miners to pay half of their royalties in minerals and the rest in cash. The plan presented by Zimbabwean Finance Minister Mthuli Ncube ...

 — Zimbabwe enacted the Finance Act 2024 Act 13 of 2023, introducing a 20% capital gains tax on mining title transfers.. This new tax regime, affects both domestic and international transactions, prompting concerns among stakeholders. The Finance Act mandates that stakeholders comply with the new tax requirements by April 1, 2024, for …

 — How secure are mining rights conferred by a certificate of registration of claims, mining lease, special mining lease and special grants against expropriation for public purposes Zimbabwe? This interrogation cannot be made without referring to the most notorious provision in the Mines and Minerals Act, that is, section 398 of the Act.

 — The annual earnings of the mining sector have nearly doubled from US$2.7 billion in 2017 to US$5.73 billion in 2021. Projections by the Ministry of Finance show …

 — Zimbabwe is focusing on capacitating the mining industry for significant economic contribution. Accordingly, in addition to the adjusted tax structure, the Ministry of Finance and Economic Development announced in February 2022 that mining royalties are now payable in Zimbabwe Dollars (ZWL) up to a limit of 50% of royalties due.

 — Zimbabwe has doubled its mining royalties on platinum miners. Mining royalties must now be paid in both local and foreign currency in the ratio of 50:50. Platinum miners with plants in Zimbabwe capable of producing platinum group concentrates will now also pay a beneficiation levy on unbeneficiated exports.

 — However, there is a prevailing sense of pessimism regarding Zimbabwe's mining outlook. The mining index, as measured by the Zimbabwe National Chamber of Commerce (ZNCC), experienced a notable growth of 9.4% in 2022. However, the most recent survey conducted by the ZNCC indicates a decline in this positive trend, with the …

Royalties or similar payments. WHT on royalties are payable once a Zimbabwean company pays a royalty to a non-Zimbabwean resident. WHT is levied at a rate of 15% and is payable within ten days of the date of payment. The WHT falls due upon accrual (i.e. when payable), and actual payment is not a factor.

 — Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for diamonds. ... Nearly 80% of mining executives are optimistic about the wider industry's five-year growth ...

 — These royalties are remitted to the Revenue Authority adding on to the state reserve. All issues regarding minerals in Zimbabwe are governed by the Mines and …

 — 1. Any taxpayers that were remitting mining royalties to the Reserve Bank of Zimbabwe should cease doing so and remit the mining royalties to the Commissioner General in compliance with the Revenue Authority Act [Chp.23.11], Mines and Minerals Act [Chp 21.05] and the Finance Act [Chp. 23.04]. 2.

 — Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening ...

 — PDF | On Jan 1, 2017, Lyman Mlambo and others published The contribution of artisanal and small-scale gold mining to Zimbabwe's economic growth and development Zimbabwe Accountability and ...

 — 40 per cent in Zimbabwe currency. Royalties for other minerals must be paid: 50 per cent in foreign currency (not necessarily in cash), and. 50 per cent in …

 — The Government of Zimbabwe has recently gazetted that half of the mineral royalties for gold, diamonds, platinum group metals (PGMs) and lithium will be paid in the commodities themselves and the remaining half paid in cash split between 40% Zimbabwe Dollars and 10% foreign currency. by Lyman Mlambo, Private Consultant (Mineral …

 — Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening ...

 — Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase government revenues. The country is the world's third-largest producer of platinum, after South Africa and Russia, hosting major miners Anglo American Platinum, Impala …

 — The Zimbabwe Chamber of Mines, which represents major mining companies, has said it is not worried about the new royalty policy because it does not amount to an increase in existing royalty rates.

 — A royalty is a fee that is imposed by local, state or federal governments on either the amount of minerals produced at a mine or the revenue or profit generated by the minerals sold from a mine. A royalty can be imposed as either a "net" or "gross" royalty. A net royalty allows for deductions of costs a company incurs to produce a ...

the mining royalty rate is not one fi xed tax rate according to type of mineral but instead the rate increases when the operating profi t increases it. In general, royalties are typically deductible in most countries for purposes of determining profi ts for corporate income taxes. The trend is that countries have increased

The Royal Bafokeng Community managed to force Impala Platinum to pay royalties to them after a long court battle from the 1980s. To date this community has managed to develop infrastructure and other social ... Mining in Zimbabwe can be traced back to the 15 th century when people practiced traditional small-scale gold and iron mining. Modern ...

 — Today Corruption Watch (CW) launched its 2018 Mining Royalties Research Report, highlighting the complexities and challenges in the management and distribution of mining royalties to people living in …

 — Zimbabwe's Chamber of Mines 2022 state of mining report projected significant growth in the diamond, coal, and chrome subsectors, with PGM continuing to lead the sector. The Chamber of Mines reported gold output reached an all-time high of 37.3 tons in 2022, up from 31.5 tons in 2021, and projected to increase to 42 tons in 2023.