In 2021 the mining sector paid $1.1billion mining taxes but now pays about $400million- Amb. Emmanuel Mwamba

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By Amb. Emmanuel Mwamba

The Graph that Matters

Bank of Zambia recorded that in 2021, the mining sector paid $1.1billion through Bank of Zambia in mining taxes but now pays about $400million.

This serious drop in domestic income is attributable to tax holidays and incentives, low copper prices and low copper production especially at Mopani and KCM.

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