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DRC to suspend value added tax exemption for mining imports

In an effort to bolster the country’s revenue, the Democratic Republic of Congo is suspending the value-added tax exemption on imports by mining companies. Congo, Africa’s top copper producer, had exempted mining companies from paying VAT on imports since 2016 to help them during a commodity price downturn. Yves Kabongo, Vice Chairman at Makutano Foundation joins CNBC Africa for more.


Tue Aug 11 2020 | 11:04:24 GMT+0000 (Coordinated Universal Time)


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