For many countries, mineral resources represent a vital opportunity to achieve much-needed economic and social development.
However, the financial promise of mining can go unfulfilled when host governments are unable to collect their fair share of financial benefits. This can be due to poorly drafted contracts, badly designed fiscal policies and tax incentives, or aggressive tax planning by multinationals.
Fairly collecting revenue and sharing benefits also builds trust that is key to strong mineral supply chains that support economic development. This is especially important today, as the global economy demands critical mineral inputs for new technologies and the transition to low-carbon energy.
In accordance with the IGF’s cornerstone Mining Policy Framework, the Secretariat supports member countries to build and administer mining fiscal regimes measures that secure their fair share of revenues from the sector.
The Global Mining Tax Initiative (GMTI) is a distinct program offering of the IGF that draws on our broad experience working with IGF member governments.
This specialized and comprehensive work program covers fiscal policy for the entire mining value chain, from exploration and development to mining, processing, mineral sales, and mine closure.
The GMTI focuses on all aspects of fiscal policy, including taxes, royalties, and financial modelling and has unique expertise on international tax challenges related to the global mining sector, which is dominated by multinational companies.
This initiative builds on the expertise and experience developed under the IGF-OECD BEPS in Mining program.
How Do We Help Governments?
The IGF partnered with the African Tax Administration Forum (ATAF) to rethink how developing countries benefit financially from their mineral resources. We launched The Future of Resource Taxation in 2020, a research project to discover how the existing system of mining taxation can be improved and identify new, innovative fiscal options for resource-rich countries to maximize the returns from their mineral wealth.
The project crowdsourced and developed policy ideas from governments, civil society, academia, and industry. The end result is a handbook for policy-makers: The Future of Resource Taxation: 10 Policy Ideas to Mobilize Mining Revenues. It presents a menu of innovative fiscal measures to strengthen revenue collection in the mining sector.
Governments want innovative and effective fiscal policies for the mining sector that offer simplicity, participation, fairness, and compensation.
A webinar to discuss how countries can adapt their mining tax policies to respond to climate change, automation, and the global tax justice movement.
The half-day event included two panel discussions about financial benefits and the lithium sector focusing on opportunities and challenges at the national and provincial levels.
Many multinational mining companies will be subject to the new global tax rules and governments should understand the new rules may interact with their domestic fiscal regime for extrac
The IGF and OECD are seeking public comments on two resources designed to support developing countries in addressing the transfer pricing challenges faced when pricing minerals.
The IGF worked with Guinea to establish a benchmark price for bauxite.
The IGF and UNU-WIDER's sixth researchers’ seminar on Extractive Industries: Taxation and Revenues.
The IGF partnered with international organizations to help Mongolia strengthen revenue collection from its mining sector.
This blog explores results and analysis from a government survey to gauge fiscal objectives and challenges to mining revenue collection.
The Intergovernmental Forum on Mining (IGF), the African Tax Administration Forum (ATAF), and the Tax Justice Network Africa (TJNA) hosted this webinar to discuss transformations in the
The IGF receives programmatic funding to support our work on financial benefits from the following organizations:
