Minerals Income Investment Fund Act, 2018 ACT 978Section 35: The mineral income paid to the Fund and the dividend payable by the Fund or a Special Purpose Vehicle are not taxable |
Procedures to Follow
1. The Mining Companies pay the royalties directly into Minerals Income Investment Fund (MIIF) 2. MIIF disburses twenty percent (20%) of the royalties into the Minerals Development Fund (MDF). 3.
Pursuant to the Minerals Development Fund Act, 2016 (Act 912), fifty
percent (50%) of mineral royalties received by MDF, (which is actually
10 percent of the total mineral royalties paid by the Mining Companies
to MIIF) is transferred to OASL for onward disbursement to the
beneficiaries in accordance with section 7 of the OASL Act, (Act 481).
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Responsible InstitutionMinerals Commission
36 Second Cantonments Cl, Accra |
Relevant Forms to Download |
Fees / ChargesNot Avaiable |