Zambia’s Mining Fiscal Regime: H1 2014

The country’s mining industry is governed by the Ministry of Mines, Energy and Water Development and its relevant departments. The Mines and Mineral Act consolidates and amends laws related to mines and minerals.

Scope

The report outlines Zambia’s governing bodies, governing laws, licenses, mining rights and obligations and key fiscal terms which Corporate tax, Capital Gain Tax, Royalty, Property Transfer Tax, Turnover Tax, Withholding Taxes, Capital Allowance, Debt Equity Ratio, Loss Carry Forward and Value Added Tax.

Key Highlights

• The MMEWD is responsible for policy framework and guidance through the Department of Mines, Department of Energy and Department of Water Affairs.

• The Environmental and Natural Resources Development (ENRMD), which comes under MLNREP, is responsible for the overall policy formulation on environment, natural resources and pollution control.

• Mines and Mineral Act main purpose is to regulate all mining activities such as prospecting and the mining of minerals, and to provide information for matters related to mining.

Reasons to buy

Gain an overview of Zambian's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Zambian Mining Industry – Governing Bodies 5

2.1 Ministry of Mines, Energy and Water Development (MMEWD) 5

2.2 Ministry of Land, Natural Resources and Environmental Protection (MLNREP) 5

2.3 Chamber of Mines in Zambia (COMZ) 5

3 The Zambian Mining Industry – Governing Law 6

3.1 Mines and Minerals Act 6

3.2 Licensing Types 6

3.2.1 Prospecting license 6

3.2.2 Retention license 6

3.2.3 Large-scale mining license 6

4 The Zambian Mining Industry – Rights and Obligations 7

4.1 Rights 7

4.2 Obligations 7

5 The Zambian Mining Industry – Key Fiscal Terms 8

5.1 Corporate Tax 8

5.2 Capital Gain Tax 8

5.3 Royalty 8

5.4 Property Transfer Tax 8

5.5 Turnover Tax 8

5.6 Withholding Tax 8

5.7 Capital Allowance 8

5.8 Debt Equity Ratio 9

5.9 Loss Carry Forward 9

5.10 Value Added Tax (VAT) 9

6 Appendix 10

6.1 What is this Report About? 10

6.2 Methodology 10

6.3 Secondary Research 10

6.4 Primary Research 10

6.5 Contact GlobalData 11

6.6 About GlobalData 11

6.7 GlobalData’s Services 12

6.8 Disclaimer 13

List of Tables

Table 1: The Mining Industry in Zambia – Fiscal Regime Terms and Other Taxes, 2014 1

List of Figures

Figure 1: The Mining Industry in Zambia – Commodity Mines at Different Stages (Number of Mines), 2014 1

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