Government: Mining royalties, higher by 28pct

Mining royalties have been updated, so that they will be 28 percent higher, according to a decision taken in the meeting on Wednesday by the Executive.'The new taxes will lead to increased revenues to the state budget, by 28 percent higher, in conformity with the inflation rate recorded in the period 2007 to 2012', the Executive informs in a press release.As such, the annual fee for prospecting works is to increase from 250 ...

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