Zambia: 'Current Mining Tax Regime Susceptible to Scheming'

ZAMBIA has continued to face challenges with its current mining tax regime because it is terribly susceptible to all forms of tax planning and scheming, Finance Minister Alexander Chikwanda has said.

Mr Chikwanda told Parliament on Tuesday that the current mining tax regime was open to all forms of tax planning schemes such as transfer pricing, trading through shelf corporations and tax havens and the country's revenue administration could not easily detect those mechanisms.

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