Joint IGF-OECD-WATAF Workshop on Extractive Taxation: Specific Approaches to Pricing Minerals

In a continued collaborative effort of the IGF, OECD, and WATAF, with a view to ensuring that tax officials in the West African Region have the required knowledge in taxing the mining sector, there will be a joint IGF-OECD-WATAF workshop on “Extractive Taxation: Specific Approaches to Pricing Minerals”. This is a follow-up to the training programme organised on “Risk-based Auditing Using Computer-Assisted Audit Techniques (CAAT) in the Mining Sector”, which took place in May 2022 in Lomé, Togo.

In responding to the capacity-building needs of the participants in Lomé, four other workshops on extractive taxation were identified. They are (i) Taxing the Capital Gains in Off-Shore Indirect Transfers of Mining Assets, (ii) Extractives Taxation: Specific Approaches to Pricing Minerals, (iii) Extractives Taxation: Financial Transactions Occurring in the Different Stages of the Mining Value Chain, and (iv) Extractives Taxation: Practical (hands-on) Doing Risk Assessment on Taxpayer’s TP Documentation (Master File/Local File).

The first in the series, Extractive Taxation: Taxing the Capital Gains in Off-Shore Indirect Transfers of Mining Assets, took place on December 7–8, 2022. The second, on Extractives Taxation: Specific Approaches to Pricing Minerals, will be held virtually on April 5th and 6th, 2023, from 2 pm to 4 pm GMT.

During the workshop, possible transfer pricing risks that can come up when pricing minerals will be looked at, as well as specific approaches and frameworks that can be used to price minerals in the West African region.

At the conclusion of the Extractive Taxation series, over 100 tax officials in the West African Region would have developed expertise in taxing the mining sector.