Find us on Google+

Wednesday, 30 June 2010

The Great Swindle, 2nd Edition

"It is all negative. No positive to the tune of -13 per cent…the mining industry is getting out of Zambia Revenue Treasury instead of contributing to it…..the mining companies are duty exempt, VAT Value Added Tax exempt and then they have tax holidays of up to 10 to 20 years. How do you allow somebody who is not paying…somebody who is not whatever it is to go and claim from what other people have paid?....They don’t pay duty these mining companies…some of them are not paying income tax because they are tax exempt....But every month, they are going to ZRA to claim their VAT for which they are not supposed to pay and as a result ZRA is insolvent, bankrupt…from your little taxes you are paying, mining companies are taking back. That is not fair."
Dr Mathias Mpande on the mining fiscal regime (previous comments on the same here).

No comments:

Post a Comment

All contributors should follow the basic principles of a productive dialogue: communicate their perspective, ask, comment, respond,and share information and knowledge, but do all this with a positive approach.

This is a friendly website. However, if you feel compelled to comment 'anonymously', you are strongly encouraged to state your location / adopt a unique nick name so that other commentators/readers do not confuse your comments with other individuals also commenting anonymously.