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.
DRC overview
Background
Operating environment
- 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
