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Home » Miners seek US$ tax exemption

Miners seek US$ tax exemption

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MINERS’ representative body, the Chamber of Mines of Zimbabwe (CoMZ), has asked the government to charge taxes, royalties and for electricity bills among other statutory obligations in the Zimbabwean dollar (ZWL), saying paying in United States dollars (US$) is piling pressure on mining players’ operations.
Economist Pardon Chitsuro told stakeholders attending the Association of Mine Managers Zimbabwe (AMMZ) in Kariba last week, that paying the bills in US$ had left miners with inadequate funds.

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“We continue to be squeezed by requirements to pay taxes and other statutory obligations in foreign currency. Over and above that, there is also another portion of foreign currency that is surrendered to the government.

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