In September 2016, FERDI published the first tax and legal database which specifies the tax regime applicable in industrial gold mining companies in 21 African countries from the 1980s to 2016 (updated: October 2018). Over 700 legal texts were necessary to build the database. The database features 3 major innovations: (i) an inventory of taxes and duties (rate, base, and exemptions) payable during the prospecting phase and mining phase of a gold mining project, (ii) innovative detailed historical information, (iii) the link between each piece of tax information and its legal source.
This database is useful to know the evolution of gold mining tax systems, to compare the gold mining tax systems of different African countries, to compare gold mining taxation between different mining projects in the same country, and to assess the mineral resource rent sharing between investors and governments.
See the database on https://fiscalite-miniere.ferdi.fr/
Updated tax data for 2019 are now available for Benin, Guinea and Kenya.
In Benin, the conditions for interest deductibility have been tightened by the Finance Act, 2019 (Act No. 2018-39 of 28 December 2018). To be deductible from the corporate income tax base, interest paid to business partners now have to meet four conditions: (1) not exceed the amount of share capital, (2) not exceed 30% of income before tax, interest, depreciation and provisions, (3) not exceed the average BCEAO rate plus three points, and (4) be paid within five years. In Guinea, the minimum turnover tax rate, which had been reduced to 1.5% in 2018, was restored to 3% (Act No. 2018-069 of 26 December 2018). In Kenya, mining taxation has not changed (Act No. 10 of 2018).
The ICTD funded the 2017-2018 update of the African Mining Taxation Database, and the publication: Bouterige Y., De Quatrebarbes C. et Laporte B. (2019) "La fiscalité minière en Afrique : quelle évolution récente en 2018 ?", Revue de Droit Fiscal, n°50, LexisNexis (English version: Bouterige, Y., De Quatrebarbes C., Laporte B. (2019) Mining taxation in Africa: What recent evolution in 2018?, FERDI Working paper P247).
Version : 2018-10-01
© Ferdi, Cerdi, ICTD
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