Loading...
See More

Namibia backs down from 44% mining tax

Aug 17 2011 18:50 Reuters

Related Articles

Kumba to be charged in rights dispute

Zim starts own mining firm

Kumba begins argument to clear ICT debacle

Harmony profit drops as costs bite

Carte Blanche gets access to Aurora case

Harmony profit slumps, costs bite

 
Windhoek - Namibia will not go ahead with its plan to raise the mining tax for companies in the non-diamond sector to 44%, the ministry of finance said on Wednesday.
 
“Instead, the current rate of 37.5% to operate in conjunction with a formula-based surcharge to capture additional mining revenue during better economic periods is proposed,” it said.
 
The ministry said it revised the tax hike proposal due to major concerns from the industry.

namibia  |  mining sector  |  mining tax
NEXT ON FIN24X

Lonmin completes BEE credits

2014-11-26 15:46

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...