Regulatory Alerts2016-02-29
Added · Updated
Instruction on Implementation Measures for the Exchange Regime of Mining Rights Holding Companies
Mining rights holding companies are authorized to import goods and export production freely, utilizing global I.B. and E.B. declaration forms based on annual and quarterly forecasts respectively. Export revenues must be credited to a principal foreign account within 45 days, with 60% retained abroad and 40% repatriated to a national principal account within 15 days of collection. Companies must pay a 2 per mille exchange control fee on total export revenues and on all cross-border payments, while submitting monthly account statements and quarterly import/export summaries to the Central Bank of Congo.
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