ARTICLE · 09 OCTOBER 2018

Africa Tax In Brief – 3 October 2018

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Decree No. 18/024, amending the Mining Regulation, was published in the Official Gazette on 12 June 2018. Significant amendments include:

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DEMOCRATIC REPUBLIC OF CONGO: Amendment of Mining Regulation published

Decree No. 18/024, amending the Mining Regulation, was published in the Official Gazette on 12 June 2018. Significant amendments include:

subjecting transactions of group-related entities of mining companies to the standard tax regime;
allowing payments made by a mining company to an associate company as deductible if the provisions of the standard tax rules are complied with;
limiting the amount of deductible interest paid by a mining company to a foreign associate company to an interest rate not exceeding the annual average effective rate used by credit institutions in the residence country of the foreign entity;

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