Zimbabwe introduces broad tax changes for 2026, including digital services tax, VAT, mining adjustments
Zimbabwe has introduced a range of tax measures in its National Budget for 2026, which were enacted through the Finance Act 2025 (Act No. 7 of 2025) on 29 December 2025. The Finance Act of 2025 introduces significant amendments to existing tax
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Philippines introduces tax reforms targeting large-scale metallic mining activities
Republic Act No. 12253 takes effect on 20 September 2025, affecting large-scale metallic mining contractors 150 days later, with implementing rules to be issued within 90 days. The Philippines has published Republic Act No. 12253, an Act
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UN Tax Committee: Report on Environmental Taxation
On 25 March 2025 the Subcommittee on Environmental Taxation submitted its final report to the UN Tax Committee, including an updated paper for approval and recommendations for future work to be considered by the new membership of the Tax Committee
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UN Tax Committee: Issues in Extractive Industries Taxation
On 15 October 2024 the UN Tax Committee discussed developments in their work on extractive industries taxation. The work of the relevant subcommittee has focused on the energy transition; the valuation of mining products for tax purposes; and tax
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Australia: ATO introduces caps on petroleum resource rent tax (PRRT) deductions
The Australian Taxation Office (ATO) released an update concerning the petroleum resource rent tax (PRRT) deductions cap on 5 June, 2024. The petroleum resource rent tax (PRRT) deductions cap is now law and will take effect from 1 July, 2023. A
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OECD: Revenue Statistics in Latin America and the Caribbean 2023
On 16 May 2023 the OECD published Revenue Statistics in Latin America and the Caribbean 2023. The report is a joint publication by the Inter-American Center of Tax Administrations (CIAT), the Inter-American Development Bank (IDB), the UN Economic
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Finnish: Parliament adopts a draft bill of new mining tax
On 18 November 2022, the Finnish Parliament has approved a draft bill which proposes the implementation of royalty-type taxes on minerals extracted in Finland. The draft bill proposed a royalty of 0.6% to be imposed on the taxable value of a
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UN: Taxation of the Extractive Industries
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on the work of the extractives subcommittee. Energy transition The extractives subcommittee is
See MoreOECD: Strengthening African Tax Administrations to Increase Revenue from Mining
On 23 March 2022 a blog post by the training unit of the OECD, the African Tax Administration Forum (ATAF) and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development (IGF) considered how to strengthen the role of the
See MoreIMF Report on Armenia’s Economic Situation
On 17 March 2022 the IMF published a report following discussions with Armenia in relation to the sixth and final review of the economic program which is supported by a three-year IMF stand-by arrangement (SBA). Armenia is in a stronger economic
See MoreRussia: Variation in mineral tax rates
The upper chamber of Russian parliament approved draft Law No. 297807-6 on July 10, 2013 which changes the Federal Law on Customs Tariff and introduces a differentiation in mineral tax rates. The law changes the previous flat rate of tax on natural
See MoreMexico: Mining royalty plan
A proposal to levy a new royalty tax on mining profits in Mexico, the world’s largest producer of silver, passed a congressional committee on 16 April 2013. The proposal would also increase penalties for mining concessions that have not been
See MoreMineral resources rent tax demanded by an Indian state
Orissa has more than 35% of India’s iron ore reserves. Considering the potentially huge amount of money to be made not just benefitting a small group of private mining companies, the Chief Minister of Orissa has asked the Indian Prime Minister to
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