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.
Global Mining Tax Initiative
The Global Mining Tax Initiative is the main component of the IGF’s work on financial benefits. It is a distinct program offering for IGF member countries that covers fiscal policy for the entire mining value chain, from exploration and development to mining, processing, mineral sales, and mine closure. This specialized and comprehensive work program focuses on all aspects of fiscal policy, including taxes, royalties, and financial modelling and shares unique expertise on international tax challenges related to the global mining sector.
The Future of Resource Taxation
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.
The Future of Resource Taxation: 10 policy ideas to mobilize mining revenues
Protecting the Right to Tax Mining Income: Tax treaty practice in mining countries
Global Digital Tax Reforms and Mining: The issue of temporary differences
Global Digital Tax Reforms: Highlighting potential impacts for mining countries
The Future of Resource Taxation: A roadmap
Insights on Incentives: Tax competition in mining
Tax Incentives in Mining: Minimising risks to revenue (supplementary guidance )
Monitoring the Value of Mineral Exports: Policy options for governments
Tax Incentives in Mining: Minimising risks to revenue
Limiting the Impact of Excessive Interest Deductions on Mining Revenue
Blogs, Announcements, and Other Posts
Argentina Gets Innovative With Export Duty, Uses Financial Modelling to Unlock Economic Potential
The IGF helped Argentina to financially model mining development projects to assess how fiscal regimes may be affecting mining investment decisions.
Argentina Pulling Policy Levers to Maximize Lithium Benefits
Argentina is using a number of policy tools to ensure lithium extraction fully benefits the nation.
Mining Fiscal Tools Should Offer Simplicity, Participation, Fairness, and Compensation
Governments want innovative and effective fiscal policies for the mining sector that offer simplicity, participation, fairness, and compensation.
The Future of Mining Taxation
A webinar to discuss how countries can adapt their mining tax policies to respond to climate change, automation, and the global tax justice movement.
Financial Benefits from the Lithium Industry: Opportunities and challenges for Argentina
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.
The OECD–G20 International Tax Reforms and Mining: Implications for IGF members
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
Establishing a Reference Price for Bauxite Gets Fair Returns for Guinea
The IGF worked with Guinea to establish a benchmark price for bauxite.
UNU-WIDER-IGF Webinar | Critical Minerals and Revenue Generation
The IGF and UNU-WIDER's sixth researchers’ seminar on Extractive Industries: Taxation and Revenues.
Transfer Pricing Audit Capacity Pays Dividends for Mongolia
The IGF partnered with international organizations to help Mongolia strengthen revenue collection from its mining sector.
Do Resource-Rich Countries Get a Fair Share of Mineral Exports? Insights from their governments
This blog explores results and analysis from a government survey to gauge fiscal objectives and challenges to mining revenue collection.
The Future of Resource Taxation Under the Africa Mining Vision
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
Meeting the Moment: Strengthening tax administration to raise mining revenue mobilization across Afr
Our training program from African officials revealed particular concerns around fiscal incentives and offshore indirect transfers of mining assets.
Building Government Capacity to Secure Mining’s Financial Benefits in Latin America
Knowledge gaps related mineral pricing and metals streaming stood out during our training on tax and fiscal issues for government officials in Latin America and the Caribbean.
Three Tax Treaty Takeaways from Officials in Mining Countries
Tax treaty negotiators from Argentina, Mongolia, and Senegal underline key concerns based on their practical experience representing mining nations that are subject to international tax
Empowering Officials to Realize the Financial Benefits of Mining in Senegal
We helped Senegal address persistent risks to revenue related to tax base erosion and profit shifting in the mining sector.