A familiar jurisdiction with the market, mining is a critical sector for the DRC economy: as one of the largest exporters of copper globally, and surpassed only by Chile, the country hosts some of the world’s largest deposits of diamonds, gold, copper and cobalt.
- The New Mining Code of 2018 sets out specific obligations for obtaining and maintaining exploration and exploitation permits
- Surface taxes and rights, corporate income taxes, royalties, taxes on dividends and interest rates, and taxes on wages
- The corporate income tax rate is set at 30 per cent of profit
- Royalties (i.e., specific mining tax) are due on the gross commercial value of all commercial products
- Royalties become due at the exploitation phase and are payable once the goods leave the exploitation or processing site of the project
- Royalties are rated at 3.5 per cent for copper