Tel Aviv, Israel — 07 May 2013 – The government of Zimbabwe will consult with the country’s mining industry before imposing any new taxes on the sector to help fund elections set for July. The taxes have been proposed by the Zimbabwean minister of finance.
“I have no doubt there will be consultations between the minister of finance and myself so that we understand how they are going to handle this particular matter, but it’s just a proposal,” mines and development minister Obert Mpofu revealed in an interview on the sidelines of a diamond conference in Tel Aviv, reports Fin24.
“I haven’t studied it yet and I think we will have to consult with the players, the stakeholders, before any position can been taken by the government,” he added.
Zimbabwe, which is on the verge of bankruptcy, withdrew a request for United Nations election funding last month, saying the UN had tried to interfere in security matters and the media.
Finance minister Tendai Biti said he would consider introducing three or four taxes, including some on the mining sector, which were likely to affect the world’s largest platinum miners, Anglo American and Impala Platinum Holdings, which had operations in Zimbabwe.
Mpofu said Zimbabwe would not impose ideas or policies on mining stakeholders, but would rather consult with the country’s Chamber of Mines and even the players themselves.
“It is a process of consultations. The minister of finance will definitely consult with me and they will consult with the stakeholders before this is implemented,” Mpofu said.
Source: Fin24. For more information, click here.