Mineral incentive package on cards
Mineral incentive package on cards
The government is set to announce an incentive package to tap the full potential of copper and gold reserves, estimated at $8 trillion, in the National Mineral Policy – 2026. A model of the package, drawn up by Wood Mackenzie, has incorporated reduced withholding tax rates on local goods and services – 4% for local goods and 8% for local services – together with deferral until mine production. The incentive package...