‘Mineral Royalty Tax major shift will affect revenue collection’
Published On November 8, 2021 » 267 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
A HUNDRED per cent shift to Mineral Royalty Tax (MRT) deductibility will significantly reduce the mining sector’s contribution to the economy, Association of Mine Suppliers and Contractors (AMSC) has said.
AMSC president Augustine Mubanga said in an interview in Kitwe that a major shift would affect revenue collection from the mines especially that out of 15 large scale mines in the country, only two mines had been declaring profits.

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