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In the Democratic Republic of the Congo, a new inter-ministerial order of the Ministry of Mines and the Ministry of Finance was issued in 2019 to set the rates of duties, taxes and royalties to be collected at the initiative of the Ministry of Mines (Inter-ministerial Order No. 0001/CAB.MIN/MINES/01/2019 and No. CAB/MIN/FINANCES/2019/009 of 22 February 2019). This order includes in particular the new ad valorem mining royalty rates that had been modified by the reform of the Mining Act in 2018 (Act No. 18/001 of 9 March 2018). They have increased from 0.5% to 1% for ferrous metals, from 2% to 3.5% for non-ferrous metals, from 2.5% to 3.5% for precious metals and from 4% to 6% for precious stones.

Updated tax data for 2019 are now available for Gabon, Madagascar and Senegal.
In Gabon, a new mining act came into force in 2019 (Act No. 037/2018 of 11 June 2019). However, it has only slightly changed the tax system applicable to holders of large-scale mining licenses. Taxation in Madagascar has not changed (Ordinance No. 2018-001 of 26 December 2018). In Senegal, mining taxation has also not been amended (Act No. 2018-029 of 19 December 2018).

Gabon adopted a new mining act in 2019 (Act No. 037/2018 of 11 June 2019). However, the tax system applicable to holders of large-scale mining licenses has changed very little. The mining royalty rate remains fixed in the mining agreement. For precious substances, this rate must always be between 5% and 8%. The corporate income tax rate indicated in the mining act corresponds to the standard rate of 30%. However, the finance act, 2019, reiterates the higher rate of 35% for the mining sector. These measures therefore do not change the tax burden applicable to gold mining companies. For a representative medium grade mine (3g/t) and a gold price of $1250/oz, the average effective tax rate (AETR) remains fixed at 46%.

The legal and tax database is expanding to its first Portuguese-speaking country: Angola.
In Angola, the Mining Act in force dates from 2011 (Law No. 31/11 of 23 September 2011). Gold is considered a strategic mineral. The mining royalty rate for this precious metal is 5%. The corporate income tax rate, set at 30% for other companies, is reduced to 25% for mining companies. From the Angolan tax system, it is possible to estimate the overall tax burden on a mining company. For a representative mine with an average grade (3g/t) and a gold price set at $1250/oz, the average effective tax rate (AETR) calculated is 58%.