Chamber of Mines welcomes revised tax regime

The Zambia Chamber of Mines has cautiously welcomed the changes to the 2015 Mining Tax regime announced by Cabinet this week.

Chamber Communications Manager Talent Ng’andwe in a statement to QTV says this shows that government is striving to collect tax revenue from the industry in a way which does not discourage mines from investing in new mining projects and new employment.

He says chamber also notes that the Government’s decision marks a significant shift in outlook towards the sector, and that it can only be of benefit to the industry in the longer term.

Mr. Ng’andwe the chamber of mines believes the prevailing low price environment continues to present significant challenges for the mining sector over the short to medium term, but that the gesture by the Government is a good lifeline that will provide much needed relief.