Zimbabwe: Export Tax on Chrome Up

  • Thursday, August 12, 2010
  • Source:

  • Keywords:chrome ore
[Fellow]

Harare — Government has increased export tax on unprocessed chrome from 15 percent to 20 percent to encourage value addition on chrome ore and fines.

 

Since the introduction of tax on chrome ore and fines, exporters have resorted to exporting crushed chrome ore with no value addition to avoid paying export tax. "In order to encourage meaningful value addition to chrome ore and fines, I propose to amend the definition of unbeneficiated chrome ore and fines to include semi-processed chrome concentrates.

 

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