The National Union of Miners and Allied Workers (NUMAW) has welcomed Konkola Copper Mine (KCM)’s acceptance to abide by the new tax regime introduced by government.

In a Press Statement issued to ZANIS in Kitwe today, NUMAW National Secretary, Goodwill Kaluba said the commitment pledged by KCM to abide by the provisions of the new tax regime was a demonstration of good corporate citizenship which must be emulated by other mining investors.

Mr. Kaluba said observing and respecting laws of a country was a milestone in fostering development and promoting integrity and respect for human rights.

He added that government’s move to introduce the new tax regime for mining companies was aimed at making local people benefit from their natural resources such as copper and other minerals.

Mr. Kaluba noted that the current record of high copper prices on the international market should have a positive benefits on the local people

He disclosed that his union would remain committed to supporting government’s well intended move to adjust corporate tax from 31 per cent to 47 per cent.

Mr. Kaluba said the new tax regime would cushion the tax burdens which miners have been enduring in the past.

He said the new tax regime would assist government in speeding up development works on the Copperbelt province, especially in turning Kitwe-Chingola road into a dual carriage way.

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9 COMMENTS

  1. Other companies should follow suit. It is just fair that these companies give to Zambia what is due. Regardless of what they pay, they still haul home huge profits. They should be made to offer maintenance works in mine compounds as well, on roads and street lights just as ZCCM did. To who much is given, much is expected.

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  2. TAX NIMWAMBO!
    ITS LIKE DEATH, YOU CAN’T DODGE IT!
    EVEN THOSE DECEIVED BY THE CHAIRMAN FOR CHAMBER OF MINES Mr BANTUBONSE WILL PAY TAX! IF THEY DON’T, THE LAW WILL VISIT THEM!

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  3. Its about time that these companies do the right thing.They have not been fair to Zambia and only its fair this time that they pay Zambia what is due to her.Our country needs all the Assessable income due for taxation done so. As a matter of fact, Magande you have even let this go too far.These are some of the issues that have been well over.You want to university to study Economics and l know as much as most country men and women that this tax regime has been fishy.Zambian have not been benefiting from these so called investors as much, so wake up. Aba bafi kala bale tulila amasuku pamutwe. Put more presure so that more companies follow suit. Infrastructure in our country needs these funds.

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  4. This just shows that this tax regime is not unattainable as some greedy so-called-investors have been wanting to make us believe.
    They should just now stop making noise and start paying up

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  5. Its a good decision made by KCM mgnt, i only hope the cost will not be thrown on to their employees by cutting down their allowances or lower salary increments like some mine in north- western province is planning.

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  6. I TOTALLY disagree with sata who now is saying that mining companies should not pay tax. He is such a fool. Why change his earlier stance?

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  7. Changed his earlier stance coz he was probably paid off by some of the mines that dont want the tax………………………………………………….we all know that !!!!

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