Philip Daniel, Michael Keen, and Charles McPherson (2010), “The Taxation of Petroleum and Minerals: Principles, Problems and Practice”, IMF.
Prepared by Yoon Kim (FAD).
Business profit taxes from four gold producing companies are estimated to be 0.9 million SDG in 2010 and 1.7 million SDG in 2011
It is generally defined as the excess profit above the normal rate of return to capital.
They are Ariab, Rida, Hajajiyah, Hokan, and Al Sakhrah Al Hamra. By the end of this year seven more companies are expected to begin producing gold.