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 Guinea, Mali and Senegal.
In Guinea, there have been no significant changes to taxation (Act No. 51 of 2019).
Mali adopted a new Mining Act in 2019 (Ordinance No. 22 of 2019), accompanied in 2020 by its regulations (Decree No. 177 of 2020). Important changes concern the corporate income tax, the ad valorem royalty and the surface royalty. For a mine representative of an average grade (3g/t) and a fixed gold price of $1,400/oz, the average effective tax rate increases from 47.7% to 51.6%.
In Senegal, the minimum collection amount of 500,000 CFA francs, provided for in terms of minimum tax, has been repealed (Act No. 17 of 2019), due to its "confiscatory effect on small and medium-sized enterprises in a deficit situation".
Version : 2022-07-07
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