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INCOMETAX. A holder of a special mining lease, corporate income is taxed at a special rate of 15% instead of the general tax rate of 25%. However, holders of a Special Mining Lease are liable to Additional Profits Tax (APT). The tax is payable upon attaining a formula based level of profitability.
The EQV formula for income in gold mining production can be applied on almost any kind of mining activities. Gold Production = Equipment + Quality + Volume. Gold productions equals the number of Equipment parts in use plus the Quality of ores and concentrate plus .
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The Mines and Minerals Act Chapter 21:05 is the law for the mining industry in Zimbabwe. There are other Acts and Regulations that draw their existence from this Mines and Minerals Act. The Act has been acknowledged as a good piece of legislation by both local and international investors.
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We are the only accredited national dealer that sells French giant Manitou and American giant GehlMustang's products in Zimbabwe We supply mining, construction, agricultural, railway, municipalities, defence and warehousing equipment.