Zimbabwe Platinum Miners Ask Government to Defer 5% Export Tax
- Companies seek more time to invest in processing facilities
- Treasury is weighing up the request, finance minister says
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Platinum miners in Zimbabwe asked the government to push back a tax on exports of semi-processed metals, requesting more time to invest in processing plants at home.
The Treasury announced the tax in 2020, giving miners two years to prepare before its planned introduction early this year. The levy of as much as 5% is aimed at spurring the companies to develop their own processing facilities, allowing Zimbabwe to increase the value of its mineral resources.