Vedanta Resources Plc’s Zambian unit is suing the southern African country’s revenue authority over a 3.2 billion-kwacha ($586 million) tax charge relating to exports of copper cathode.
Konkola Copper Mines Plc wants the Lusaka High Court to quash Zambia Revenue Authority’s decision to charge a 16 percent value-added tax on the exports from January 2011 to March this year, according to court papers. KCM also wants the court to reverse the authority’s decision to levy the tax from July.