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Ring Fencing Mining Legislation In Zimbabwe

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  • Mining companies wants government to abolish ring

    Mining companies wants government to abolish ring

    Mining companies want government to take a second look at the new policy of ring-fencing their operations, arguing it will be inimical to the interests of both the state and the industry.

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  • Mining firms shut over illegal gold business in Migori

    Mining firms shut over illegal gold business in Migori

    By Tafadzwa Mhlanga | Zimbabwe Independent The Zimbabwe Environmental Lawyers Association Zela has urged the government to focus more on giving back to the artisanal and small-scale mining sector during the coronavirus-induced lockdown by ring-fencing gold royalties to fund personal protective clothing and hand sanitisers.

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  • Davis Tax Committee recommends changes to mining

    Davis Tax Committee recommends changes to mining

    2020-7-9The removal of ring fences, aimed at preventing the set-off of capex against non-mining income. Past unredeemed capex remain ring fenced as per the existing ring fencing rules. The gold mining formula be phased out for new projects and remain optional for existing mines. Devise a template contract for contract mining as a guide for taxpayers.

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  • Answers - Home | ACCA Global

    Answers - Home | ACCA Global

    2011-12-14Zimbabwe dollars to the requisite internationally acceptable United States dollars. The Zimbabwe dollar is not ... In terms of legislation, a mining company can elect to use any one of three methods of accounting for capital expenditure for ... The only limitation is the ring fencing of losses for each independent mining location. Specifically ...

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  • Chamber of Mines Mining Tax Regime

    Chamber of Mines Mining Tax Regime

    Taxable Income N Rates of tax for year of assessment ending 28 February 2014 N 0 50,000 Not taxable 50,001 100,000 18 for each N above 50,001

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  • Mnangagwa privately admits economic woes -

    Mnangagwa privately admits economic woes -

    The legislation had been put in place in 2016 to stimulate growth in the local manufacturing sector. According to a paper presented by industry during the meeting seen by the Independent, business leaders proposed to Mnangagwa that the suspension of the import ban should only be temporary and not go beyond this year.

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  • Minerals and Mining Policy of South Africa Green

    Minerals and Mining Policy of South Africa Green

    2020-7-19c Ring-fencing The Income Tax Act applies a ring-fence to the taxable income of a mine, by restricting the deduction of its capital expenditure to the taxable income from mining on that mine. In certain circumstances the ring-fence may be breached by up to 25 of taxable income to allow a company to apply a portion of its expenditure on one ...

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  • Taxation of Natural Resources - Legal Framework Choices

    Taxation of Natural Resources - Legal Framework Choices

    2015-6-30Zimbabwe, Tanzania and Ghana do not have tax holidays for the sector Cote DIvoire, Burkina Faso and Nigeria have tax holidays for the two sectors. Legislations in several African countries provide that a new company engaged in petroleum production or mining is entitled to fiscal incentives such as to be exempted

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  • Statutory Instruments | veritaszim

    Statutory Instruments | veritaszim

    SI 2020-160 Public Health COVID-19 Prevention, Containment and Treatment National Lockdown Amendment Order, 2020 No. 13

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  • statutory instruments | veritaszim

    statutory instruments | veritaszim

    IT is hereby notifi ed that the Minister of Public Service, Labour and Social Welfare has, in terms of section 801 of the Labour Act Chapter 2801, approved the publication of the Collective Bargaining Agreement as set out in the Schedule which further amends the agreement published in Statutory Instrument 116 of 2014, registered in terms of section 79 of the Act Chapter 2801.

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  • Mongolia reforms its key tax legislation

    Mongolia reforms its key tax legislation

    Ring-fencing rules for separate mines. No ring-fencing rules. Under the new rules, income and expenses that are incurred for different mines must be accounted separately for tax purpose. In other words, a company will need to prepare separate profit and loss statements for each mine or exploration areas.

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  • Zimbabwe Third Review under the Staff-Monitored

    Zimbabwe Third Review under the Staff-Monitored

    2014-11-21ZIMBABWE THIRD REVIEW UNDER THE STAFF-MONITORED PROGRAM AND SUCCESSOR STAFF-MONITORED PROGRAM EXECUTIVE SUMMARY Outlook. Zimbabwes economy is at a crossroads. The post-hyperinflation rebound has ended and the outlook is for sluggish growth in 2015. Sustained growth and poverty reduction will require comprehensive reforms over the

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  • Govt should prioritise investment reforms

    Govt should prioritise investment reforms

    Such initiatives include leveraging the Mining Sector through channelling resources into exploration, concluding the Diamond Act and other mining legislation, pursuing a mining model based on high value and high impact. In addition, there is need to formalise the informal gold mining sector to curb illicit gold selling, Advocate Mudenda said.

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  • Assessed losses Companies versus other taxpayers -

    Assessed losses Companies versus other taxpayers -

    Finally, the ring-fencing of assessed losses in terms of section 20A must also be considered. This section is not applicable to companies but only to taxpayers who are natural persons and falls within the maximum tax bracket therefore, he or she will earned taxable income that exceeds R638 600 during the 2014 year of assessment.

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  • Natural Resource Governance Institute

    Natural Resource Governance Institute

    2020-7-19NRGIs blended advanced-level course, delivered in partnership with ETH Zrich, is designed to equip a pool of exceptional individuals with the knowledge and tools necessary to contribute towards better governance and oversight of natural resources for a better future.

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  • Income Tax Act 2007 No 97 as at 23 June ... -

    Income Tax Act 2007 No 97 as at 23 June ... -

    Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint. ... Mining asset used to derive income other than income from mining Repealed ... Ring-fencing cap on deduction attributable FIF income method

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  • Legislation Quadrant Page - Health and Safety Authority

    Legislation Quadrant Page - Health and Safety Authority

    Legislation Disclaimer. Some pieces of legislation are available in full text here on the HSA site. These documents are intended for reference only. Official copies of legislation are available To download from Irish Statute Book In hard copy from the Government Publications Sales Office 01-6476834 or publicationsopw.ie.

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  • Resource nationalism thread weaving its ... - Mining

    Resource nationalism thread weaving its ... - Mining

    The fiscal reforms applicable in Ghana included increasing the corporate tax rate from 25 to 35, reducing capital allowances from 80 to 20 for five years, and ring-fencing mining projects for ...

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  • 4 Zambia presentation

    4 Zambia presentation

    MINING LEGISLATION The principal legislation in Zambia governing the search and exploitation of minerals is the Mines and Minerals Development Act, No. 7 which was enacted in 2008. This Act, currently under review, provides guiding principles of the Governments commitment to the application of modern principles of transparency, checks and

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  • De Beers forced to face modern black reality |

    De Beers forced to face modern black reality |

    De Beers, like others, has taken account of the changing reality on the ground by ring-fencing its South African operations inside a company called De Beers Consolidated Mines and moved capital ...

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  • Bermuda Captive Market Moving From Maturity To

    Bermuda Captive Market Moving From Maturity To

    2020-7-8Bermudas captive industry is widely recognised as a mature market with access to excellent insurance talent, top tier service providers, leading reinsurers and a robust, yet commercially minded insurance regulatory framework. As one of the oldest captive domiciles and with many of its captive ...

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  • Finding the Missing Millions | Global Witness

    Finding the Missing Millions | Global Witness

    As legislation and regulations are commonly in the public domain, these should be easy to consult. 12 In many countries, however, the fiscal terms covering petroleum and mining projects are set out in project-specific contracts sometimes called host government agreements.

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  • The role of a municipality as a service authority for ...

    The role of a municipality as a service authority for ...

    2015-3-18legislation, but this legislation cannot take away these rights. www.salga.org.za Arrangements for the management of waste ... Ring-fencing requirements Enforce the requirement to keep a separate set of financial statements for waste management services including a

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  • Preventing and managing erosion | Environment, land

    Preventing and managing erosion | Environment, land

    Using trees to control erosion. Trees are often considered to be the universal answer to control soil erosion. Tree roots help prevent landslides on steep slopes and stream bank erosion but they dont stop erosion on moderately sloping hillslopes.

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