Zimbabwe: Prospect Lithium Says It Has Paid Over U.S.$100m in Taxes, Seeks Relief From ‘Double Taxation’

PROSPECT Lithium Zimbabwe (PLZ) says it has paid more than US$100 million in taxes to government since starting operations, but is calling for changes to the tax regime. The company argues that treating export taxes and levies as non-deductible expenses creates a double taxation burden for the lithium sector.

PLZ raised the concerns on Friday during a media tour organised by the Minerals Marketing Corporation of Zimbabwe (MMCZ), amid growing debate on how Zimbabwe can maximise revenue from lithium…