In partnership with the Centre for study and research on international development (CERDI), the International Centre for Tax and Development (ICTD), the Ecole Normale Supérieure de Lyon (ENS Lyon) and the French Ministry of Europe and Foreign Affairs (MEAE), Ferdi provides access to an important database, which lists over a long period of time the main tax legal texts and details the main taxes payable by mining companies. This database has been available to the public since September 2016 and is hosted on its own website since October 2018. Updated annually, it now covers 22 French-, English- and Portuguese-speaking countries and helps improve the transparency of tax information in the extractive sector.
Over 1300 legal texts were necessary to build the database that features 3 major innovations: (i) an inventory of taxes and duties (rates, base and exemptions) payable during the prospecting phase and mining phase of a gold mining project, (ii) detailed historical information, (iii) the link between each piece of tax information and its legal source.
The tools provided make it possible to: 1) understand the characteristics of the mining taxation, 2) know the evolution of the mining taxation, 3) compare the mining taxation between African countries, 4) compare mining taxation between projects of the same country, 5) assess the sharing of the mineral resource rent between State and investors.
See the database : https://fiscalite-miniere.ferdi.fr/
Updated tax data for 2020 are now available for Nigeria, Sierra Leone and Tanzania.
In Nigeria, the Finance Act increases the value added tax rate from 5% to 7.5% (Finance Act No. 1 of 2020). In addition, the rate of the minimum tax is increased from 0.25% to 0.5% of turnover. In Sierra Leone, taxation has not changed (Finance Act No. 1 of 2020). In Tanzania, loss carry-forward continues to be allowed without time limitation. However, it is now limited to 70% of the taxable profit when the company has been in loss for four consecutive years (Finance Act No. 8 of 2020).
Version : 2018-10-01
© Ferdi, Cerdi, ICTD
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