Press Statement

Ministry of Finance takes note of mining taxes statement by Zambia Chamber of Mines

The Ministry of Finance has taken note of the public statement made by the Zambia Chamber of Mines.

It said in a statement that it has also acknowledged receipt of letters from some stakeholders, and the Chamber, seeking clarification on the new tax regime.

“Working with other stakeholder Ministries and relevant government agencies, we remain open to dialogue with mining companies that are willing to amicably discuss *the transition to the new mining tax regime,* implementation of the sales tax and other fiscal and economic affairs, and future business cooperation matters”, the Minister of Finance Margaret Mwanakatwe has said.

“In view of the foregoing and in respect of our own plan to ensure a smooth transition, the Tax Policy Review Committee will be reconstituted and appointed to deal with technical issues related to tax implementation matters raised by the public,” states Mrs. Mwanakatwe.

The Ministry further advises that consultations on sales tax policy implementation will be wide and extensive before commencement in April 2019.

Chileshe Kandeta
For Ministry of Finance.

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