MJ Zambia Supplement 11/08: 28 Nov 2008
Zambia has a mining history that spans over 90 years, including the late 1960s when Zambia
was the world’s third-largest copper producer. Mining was, and
remains, a major contributor to the Zambian economy.
Masses of minerals
ZAMBIA’S broad spectrum of mineral resources spans a wide range of metals, particularly copper-cobalt and gold.
Mines and Minerals Development Act
In line with the Mining Policy, the government of Zambia enacted new legislation in 2008 – the Mines and Minerals Development Act.
Taxes, royalties and duties
Relief from income tax, Relief from customs, excise duties, VAT Remission and deferment of royalties and Environmental legislationThe tax regime
Zambia’s tax regime favours mining. Corporate tax for mining companies is set at 30% of profits, while manufacturing firms are taxed at a rate of 35% of profits.
Investment law in Zambia
Investments in Zambia are regulated by the Zambia Development Act No. 11 of 2006 (the ZDA).
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