Mining royalty – NBC Institute

AT – May 2020 – L3 – Q5b – Minerals and mining

Calculate the royalty payable for A Ltd, a Mining Company, based on production volume and revenue data for 2018.

Question

Compute the royalty payable on the following data of A Ltd, a Mining Company for 2018 year of assessment:

Production of resource (Volumes) – 1,000,000
Revenue from sale – GH¢10,000,500
Note: the revenue above contains proceeds from sale of scraps amounting to GH¢10,500
Required:
Compute the royalty payable.

Answer

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Tags: Mining royalty, Resource taxation, Revenue calculation
Level: Level 3

Topic: Minerals and mining
Series: MAY 2020

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AT – May 2020 – L3 – Q5b – Minerals and mining

Calculate the royalty payable for A Ltd, a Mining Company, based on production volume and revenue data for 2018.

AT – May 2020 – L3 – Q5b – Minerals and mining

Calculate the royalty payable for A Ltd, a Mining Company, based on production volume and revenue data for 2018.

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Question Tag: Mining royalty

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AT – May 2020 – L3 – Q5b – Minerals and mining

Calculate the royalty payable for A Ltd, a Mining Company, based on production volume and revenue data for 2018.

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AT – May 2020 – L3 – Q5b – Minerals and mining

Calculate the royalty payable for A Ltd, a Mining Company, based on production volume and revenue data for 2018.

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