Mpofu Says Platinum Producers Owe $400M in Unpaid Taxes

The government has accused the country’s leading platinum producers of failing to remit close to $400 million in taxes as well as short-changing the fiscus by banking profits in off-shore accounts.

The allegations were made by the Mines Minister, Obert Mpofu, and his Finance counterpart, Tendai Biti, during a pre-budget seminar held in the resort town of Victoria Falls. Mpofu claimed that an audit carried out by an international firm had established that Zimplats and Mimosa platinum mines, both subsidiaries of Impala Platinum, as well as Anglo Platinum’s Unki development in Shurugwi owed more than $400 million in unpaid taxes.

Mpofu said his ministry was signing export receipts of $500 million per month, but remittances fell way below that figure with Biti adding that the mining sector was remitting only $150 million despite generating sales of $2.3 billion.

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