Govt owes Mining Companies K5.25bn in VAT refunds

Finance Deputy Minister Christopher Mvunga

Government owed mining companies K5.25 billion in VAT refunds as at 8^th December, 2015.

Finance Deputy Minister Christopher Mvunga has told Parliament in response to a question by Mazabuka Member of Parliament that among the mining companies owed is Kansanshi Mine plc which is owed K1.89 billion, KCM which is owed K1.24 billion and Mopani Copper Mines K1.69 billion.

Mr. Mvunga says the amounts owed to the mining companies are being paid as and when the tax payers provide the necessary documentation evidence for VAT claims.

He says ZRA is still awaiting documentation from all the mining companies with outstanding VAT claims that have been withheld.