Mali Increases Sales Tax on Gold

Mining Weekly reported that the gold sales tax in Mali has been raised to 8%.

As quoted in the market news:

A government statement, seen by Reuters on Thursday after a Wednesday cabinet meeting, said the 2 percentage point increase in the ISCP tax on gold ingots to 5% was the only increase in taxes announced by the government. A 3% ad valorem tax is maintained, bringing to 8% the total sales tax for gold from Mali, according to a senior mining official.

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