Zimbabwe Mining Industry - A New Special Capital Gains Tax

Zimbabwe Mining Industry - A New Special Capital Gains Tax

The Zimbabwe Mail

The new law entails a 20 percent levy on the purchase of the mining title. This could be a major barrier to entry as it makes it more difficult and expensive for companies to enter the Zimbabwean mining sector or expand their existing operations. A mining title under the special capital gains tax law includes a claim, block of claims, mining lease or special grant and (depending on the context)

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