Diamond giant pays over P12 billion in taxes and economic contribution
De Beers Group, through its parent company, Anglo American, has announced it spent US$1, 219.8 million (over P12 billion) in taxes and economic contribution in Botswana over the past year.
Breaking down the numbers in its 2020 Tax and Economic Contribution Report, the mining giant revealed US$190.8 million was in royalties and taxes while US$246.9 million went towards corporate income tax.
The group further spent a total of US$81 million in wages to its local employees, an amount that excludes contractors and certain associates, and joint venture employees.
It also forked out US$446.4 million in procuring goods and services from within the country.