Parliament has passed an amendment to the Growth and Sustainability Levy Act. The law reduces the levy charged to gold mining companies.
The tax rate for these companies has been cut from 3% to 1%. This change is part of efforts to stabilize the gold mining sector.
The new law follows recent adjustments made to how the country collects money from its mineral resources.
Officials believe this tax reduction will help mining companies operate more smoothly. The goal is to make the sector more predictable for businesses.
The legislative action took place in Parliament. The exact date of the amendment's passing is 2026-03-27.