RE:Supertax?I don't think this clears it up but here it is any way.
Box 2 : Special tax on excess profits of Democratic Republic of the Congo. In the Democratic Republic of the Congo, a special tax on excess profits was introduced in 2018 as part of the major reform of the Mining Act. The tax is only due when the prices are 25% higher than those provided for in the feasibility study. Indeed, according to the law, excess profits appear when “the prices of commodities increase exceptionally, by more than 25% compared to those included in the feasibility study” of the mining project38 . The tax rate is set at 50% and the base defined as the “difference between the amount of the gross operating income for the accounting year less the amount of the gross operating income generated by the erroneous feasibility study of the mining project for that same year, the latter amount increased by 25%”39. It is also specified that “for the purpose of determining excess profits, research and development expenses are not deductible. Similarly, the allocation of previous deficits is prohibited”. Excess profits subject to the special tax are not subject to income tax
38 Section 23 of Loi n°18/001 du 9 mars 2018 adding Section 251 bis of Loi n°007/2002 du 11 juillet 2002 portant code minier, Democratic Republic of the Congo. 39 Section 530 bis of Dcret n°038/2003 du 26 mars 2003 portant rglement minier, amended by Dcret n°18/024 du 8 juin 2018, Democratic Republic of the Congo.
note the work above is not mine.
2016 pre fesability copper price of $2.00 to $4.00
everyting after 2018 is called a Integrated Development Plan.
the price should be adjusted for inflation?
GLTA
this is as clear as mud.