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Congo to increase taxes & revoke guarantees for mining companies

金杜研究院  · 公众号  ·  · 2018-03-06 12:05
原“金杜说法”微信公号,感谢关注!On 24 January 2018, the senate of the Democratic Republic of Congo (DRC) unanimously passed a bill which, once enacted, will increase taxes on natural resources in the DRC and revoke contract guarantees for existing mining projects across the country. The bill is likely to have a significant impact on international investors in the mining industry who will be immediately subject to higher royalties and a tax on “super-profits”.  Although the bill will not take effect until President Joseph Kabila signs it into law, this is expected to happen imminently unless miners and lobbyists are successful in convincing the President to suspend the adoption of the bill.If the bill is enacted, international miners may be able to seek remedies by enforcing their rights under relevant international investment treaties.  These treat ………………………………

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