Mining Tax Policy Responses to COVID-19
The COVID-19 pandemic is first and foremost a humanitarian crisis. The level and type of relief required will vary by sector, and company, which is why IGF and ATAF have prepared this guide in English, French, and Spanish for resource-rich developing countries specifically.
The COVID-19 pandemic is first and foremost a humanitarian crisis.
Efforts to contain the virus and support those directly impacted are of utmost importance. Around the world, governments are taking unprecedented actions to limit the spread of the virus—adopting measures aimed at protecting the livelihood of their populations and the viability of entire economic sectors.
Members of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) and the African Tax Administration Forum (ATAF) who are designing economic stimulus packages to respond to the immediate impact of the pandemic and its aftermath will need to consider what support they should provide, if any, to the mining sector. Direct government payments to mine workers or distressed mining companies may only be an option for richer countries where the government has the fiscal space to do so. For many developing countries, tax policy may offer a more readily available tool. Whichever approach, policy-makers must recognize that protecting public health and putting people back to work go hand-in-hand.
With developing countries already struggling to mobilize adequate domestic revenues, it is critical that they carefully evaluate options for business tax relief. The level and type of relief required will vary by sector, and company, which is why IGF and ATAF have prepared this guide in English, French, and Spanish, for resource-rich developing countries specifically.
Additional downloads
You might also be interested in
Strategic Environmental Assessment for the Mining Sector
Strategic environmental assessments (SEA) are an essential tool for policy-makers working to develop a sector-wide vision for responsible mining.
Financial Benefit-Sharing Issues for Critical Minerals: Challenges and opportunities for producing countries
Exploring nuances in the key features of critical minerals and the new challenges and opportunities they present to fiscal regulation.
IGF Case Study: Leveraging Technologies for Gender Equality in Mining Communities
How can sharing technological infrastructure support gender equality and serve the broad betterment of mining communities?
IGF Mining Policy Framework
A compendium of best practices for governments to manage the full range of issues in the mining sector.