Business

FQM rejects ZRA K76 billion tax assessment

KABANDA CHULU, Lusaka
FIRST Quantum Minerals (FQM), which owns Kansanshi and Kalumbila Mines, has rejected a tax assessment bill of K76 billion on unpaid import duties that has been imposed by Zambia Revenue Authority (ZRA).
The Toronto Stock Exchange- listed company also recorded a drop in share price by 13 percent on Tuesday following ZRA’s announcement that the authority has started the process of comprehensively auditing mining companies in all applicable tax types.
FQM president Clive Newall, who confirmed that the company is in receipt of a…. http://epaper.daily-mail.co.zm/



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