The Democratic Republic of the Congo's Mining Fiscal Regime 2018

1 Table of Contents

1 Table of Contents 2

• 1.1 List of Tables 3
• 1.2 List of Figures 3

2 The Democratic Republic of the Congo’s Mining Fiscal Regime: Key Highlights 4

3 The Democratic Republic of the Congo’s Mining Fiscal Regime: Ease of Doing Business 6

4 The Democratic Republic of the Congo’s Mining Fiscal Regime: Governing Bodies and Agencies 9

5 The Democratic Republic of the Congo’s Mining Fiscal Regime: Laws, and Regulations 11

• 5.1 Mining Code: Law No 007/2002 11
  • 5.1.1 Environmental Impact Study (EIS) 11
  • 5.1.2 Mitigation and Rehabilitation Plan (MRP) 11
  • 5.1.3 Environmental Management Plan of the Project (EMPP) 11
• 5.2 Impact of the new Mining code on the industry: Law No 18/001 11
  • 5.2.1 Impact on Cobalt supplies: 12
  • 5.2.2 Analysis of “Super tax” 12

6 The Democratic Republic of the Congo’s Mining Fiscal Regime: Mineral Licensing and Fees as per the New Mining Code of 2018 15

• 6.1 Exploration License 15
• 6.2 Exploitation License 15

7 The Democratic Republic of the Congo’s Mining Fiscal Regime: Royalty and Taxes 16

• 7.1 Royalty 16
• 7.2 Withholding Tax 17
• 7.3 Corporate Income Tax 17
• 7.4 Income Tax 18
• 7.5 Property Tax 18
• 7.6 Depreciation 18
• 7.7 Loss Carry Forward 18
• 7.8 Exceptional Tax on Expatriates’ Salaries 18
• 7.9 Turnover Tax 19
• 7.10 Value Added Tax (VAT) 19
• 7.11 Sales Tax 19

8 The Congolese Mining Industry - Mining Rights and Obligations 20

• 8.1 Rights 20
• 8.2 Obligations 20

9 Appendix 21

• 9.1 Abbreviations 21
• 9.2 Methodology 21
• 9.3 Coverage 22
• 9.4 Secondary Research 22
• 9.5 Contact Us 22