Zambia lose millions of Kwacha in uncollected Mineral Royalty Tax
Over six million kilograms of minerals were exported from Zambia without export permits in the year 2015, according to the latest Auditor General’s report. This entails that over 64% of the exported quantities had not been permitted to leave the Zambian boarders and had not been charged royalties in 2015. Data from the report shows that during the year under review, minerals export permits were issued to seven mining companies for Three Point Four million kilograms of various minerals, but an amount exceeded by over six million Kilograms ended up leaving the country without authorization. The document further reveals that during the same period, the ministry of mines did not attach officers to carry out inspections at the border post of Chirundu, Victoria falls Katima Mulilo and Kazuzungula. Another irregularity highlighted in the report is that twelve large scale mining companies did not submit export returns to the mineral economics department Also contrary to finan...