Zambia’s new tax regime has significantly increased the tax burden on mining companies, making the sector unsustainable and uncompetitive, states a report co-authored by Premier Consult Professor Oliver Saasa and The Zambia Institute for Policy Analysis and Research’s Shebo Nalishebo. According to the authors, Zambia has the highest tax burden of all comparable mining countries, and that under the new fiscal regime for the mining sector, the effective tax rate would vary between 86.3% and 105% depending on the copper price.
