2022 National Budget opinion piece – Mining, Energy and Infrastructure
05 November 2021 “We anticipate that the new Government, following the regime change, will introduce or enhance policy around the following key sectors which are areas of interest for us and our clients: 1. mining - pro investor tax regime and policy framework to unlock prospective investments to target an increase of copper production from about 2,000,000mt to 3,000,000mt and some of these are already reflected in the proposed 2022 budget which removes the thorny issue of non-deductibility of mineral royalty tax against corporate tax; 2. energy – is expected to introduce fundamental reforms that will restructure the fuel supply chain and promote an energy...
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