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MUSOKOTWANE MISGUIDED THE NATION, CF SLAMS SUSPENSION OF EXPORT DUTY ON PRECIOUS STONES AND METALS -Harry Kalaba - The Zambian Observer

Summary

MUSOKOTWANE MISGUIDED THE NATION, CF SLAMS SUSPENSION OF EXPORT DUTY ON PRECIOUS STONES AND METALS LUSAKA, February 19 - Yesterday, the Ministry of Finance and National Planning issued a statement on the Suspension of Export Duty on Precious Gemstones and Metal. As Citizens First, our view is that the Minister misguided the country by framing

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Zambia: News Diggers!

Govt shouldn't bend to blackmail, 15% tax on precious stones should have stood

RENOWNED lawyer and journalist Dickson Jere has wondered why government has decided to suspend the 15 per cent export tax imposed on gemstones and precious stones - barely two months after it became effective. On Tuesday, Minister of Finance and National Planning Dr Situmbeko Musokotwane issued a

2 days ago

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Miningmx

Zambia suspends 15% export duty on emeralds

ZAMBIA has suspended a 15% export duty on emeralds following meetings with the country’s mining sector. Effective on January 1, the export duty would almost certainly have sunk the emerald mining sector led by the London- and Johannesburg-listed Gemfields as it would have faced an overall 21% tax on revenue. (It already pays a 6% mineral royalty tax.) This compares to an aggregate tax of 2% in Brazil and 2.5% in Colombia which are Zambia’s main …

3 days ago

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rapaport.com

Can Zambia’s Tax Reversal on Emeralds Help Gemfields’ Money Woes?

Zambia has repealed the 15% export duty on all previous gemstones and metals it reintroduced without warning only last month, amid uproar from the industry. The levy, which had not been in effect since the government first revoked it in 2019, fell on top of a 6% mineral royalty tax. It landed on Gemfields shortly after it announced plans to cut jobs and curtail many of its businesses, including operations at its Kagem emerald mine in the countr…

3 days ago

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The Zambian Observer

GOVT SUSPENDS EXPORT DUTY ON PRECIOUS STONES, METALS - The Zambian Observer

GOVT SUSPENDS EXPORT DUTY ON PRECIOUS STONES, METALS …..this is to allow local producers to compete more effectively during auctions & sales on the global market Lusaka… Tuesday February 18, 2025 (SMART EAGLES) The Minister of Finance and National Planning Dr Situmbeko Musokotwane has issued a Statutory Instrument No. 4 of 2025, to suspend export […] The post GOVT SUSPENDS EXPORT DUTY ON PRECIOUS STONES, METALS first appeared on The Zambian Obse…

3 days ago·Zambia

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