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PRESS RELEASE

Efficient Management of Mineral Tax Revenues Key to a Sustainable Development

May 15, 2017


DAKAR, May 15, 2017—Extractives are an important source of income globally, including for about 30 countries in Africa. Efficient management of the collection of tax revenues from extractives can generate key resources for sustainable development work.

Drawn from a recent World Bank publication, Transfer Pricing in Mining with a Focus on Africa: A Reference Guide for Practitioners, the Bank, in collaboration with the African Mineral Development Center (AMDC), Minerals and Energy for Development Alliance (MEfDA) and the German Agency for International Cooperation (GIZ), organized a training workshop in Dakar, Senegal from May 8 to 12, 2017. The session was attended by tax administration representatives from 17 African countries and civil society organizations such as Open Society for West Africa (OSIWA), Oxfam and the Ford Foundation.

The training aimed to build capacity and improve the ability of tax auditors to ensure an efficient management of resources from the mining sector while making sure that tax revenue from mining activities is aligned with contractual agreements. Participants also looked into mining companies’ transfer pricing/profit shifting risks and practices, and shared practical solutions and best practices to address related constraints. 

Countries represented at the workshop were Angola, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo Republic, Côte d'Ivoire, DRC, Equatorial Guinea, Guinea, Mali, Mozambique, Madagascar, Mauritania, Niger and Togo.

Media Contacts
In Dakar
Mademba Ndiaye
Tel : (221) 338594140
mademba@worldbank.org
In Washington
Zubin Bamji
Tel : (202) 458-0431
zbamji@worldbank.org


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