Africa's second-largest gold miner, Ghana, will increase the current corporate tax rate to 35%, from 25% for mining companies, according to the 2012 budget delivered to parliament on Wednesday.
Posted: Thursday , 17 Nov 2011ACCRA (Reuters) -
Ghana will increase its corporate tax rate for mining companies to 35 percent from 25 percent, and will collect a 10 percent windfall profit tax from miners, according to a text of the 2012 budget delivered to parliament on Wednesday.
The IMF had urged the West African state, Africa's second-largest gold miner, to look at options to increase tax revenues from the sector. (Reporting by Christian Akorlie and Clair MacDougall; Writing by Richard Valdmanis)
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Read the whole story here: Mineweb.com - The world's premier mining and mining investment website Ghana`s mining tax to rise to 35% - budget - FAST NEWS | Mineweb
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