- Zambia is considering reducing its 16% VAT on gold to encourage formal gold trading.
- Trade data show a large discrepancy between Zambia’s reported gold exports and UAE import figures.
- The government may be losing up to $240 million in mineral royalties due to the gap in gold trade reporting.
- Lusaka aims to make gold a larger and more transparent source of mining revenue.
Source: facebook.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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