Ethiopia’s government levies a 30 percent tax on mining revenues, collects royalties of 4 percent and takes a 5 percent stake in the operations for which it does not pay, Kelertas said. Allana will not pay income tax until a minimum of five years after it begins sales, he said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.