Mining News

Lucapa warns of tax changes in Lesotho

Diamond miner Lucapa Diamond Company has flagged a possible legislative change in Lesotho, which could affect its operations.

A proposed value added tax (VAT) Amendment Bill is currently under consideration in the Kingdom of Lesotho, which could result in the diamond industry in Lesotho no longer being able to claim back and be refunded their Input VAT currently paid on the goods, services and capital items procured for day-to-day operations.

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