About the event
Countries may take different approaches to taxing mining operations. Some treat all of a company’s projects as one big operation for tax collection. Others use ring-fencing rules, keeping each project or activity separate when taxing them. This is an important choice for countries as it can have a major impact on a country’s revenue collection and economic planning.
This webinar launches the IGF-OECD practice note: Ring-Fencing Mining Income: A Toolkit for Tax Administrators and Policymakers. Participants explore how ring-fencing works in practice, the potential benefits and risks, and key considerations for governments seeking to implement these rules effectively. Officials with direct experience share lessons learned and practical insights from resource-rich countries.
Key topics
- What are ring-fencing rules in mining taxation
- Potential benefits and risks of the use of ring-fencing for governments
- Design and implementation considerations
- Lessons learnt from resource-rich countries
Speakers
- Tomas Balco, Senior Advisor, BEPS Capacity Building Team of Global Relations and Development Division, OECD
- Jaqueline Taquiri, Senior Policy Advisor, Tax and Extractive Industries, IGF
- Thomas Baunsgaard, Deputy Chief, Tax Policy Division, International Monetary Fund (IMF)
- Denzil Gallop, Manager, Mining Investigative Audit, South African Revenue Service (SARS)
- Ignatius Mvula, Director Specialised Tax Office – Mining, Zambia Revenue Authority (Zambia)
- Padrig Davies, Oil & Gas Corporation Tax Compliance Lead, Large Business Directorate, His Majesty’s Revenue and Customs (UK)