The Chamber of Mines denounces the suspension of VAT exemption on mining imports | DRC
On the other hand, members of the mining industry are concerned about a series of measures recently taken by the Government, for which they have not been consulted although they are the first actors and partners of the Government says the Chamber of Mines. The effects of these recent measures which are an unduly increased tax burden, which goes against the regulatory framework that governs the mining sector.
Among these measures, the Chamber of Mines cites: “The suspension of the exemption from VAT on the imports of mining companies; The suspension of compensation during the payment of import duties and taxes or during the payment of the ‘IBP’, can we read in this communication.
According to the Chamber of mines, these measures are damaging the cash flow of mining companies.
“These measures, to cite just these two, have an impact that harms the cash flow of mining companies because of the monetary depreciation experienced by the Congolese franc and which hits tax credits in national currency. They not only put the economy at risk. social climate but also do not contribute to improving the business climate and tend to deprive our companies of their cash flow, thus preventing them from planning any additional investment, a guarantee of recovery for our damaged economy. decried, which is not likely to provide the necessary assurance that investors need to believe in the Democratic Republic of Congo, “the statement adds.
The Chamber of Mines says it has always favored a constructive dialogue with the government whenever it has been requested by the latter to find solutions to the various known crises like that of 2017 to support the Bank’s reserves. Central Congo.
