Congo’s finance ministry has provisionally reinstated mining companies’ exemption from a value added tax (VAT) on imports, the Chamber of Mines said on Wednesday, days after miners complained customs authorities were planning to impose VAT on them.
Democratic Republic of Congo, Africa’s top copper producer, agreed to suspend the tax in July 2016 to help companies during a commodity price downturn and to pay down hundreds of millions of dollars in VAT reimbursements owed to the companies.
