Zimbabwe [state buyer/exporter (FGR) or gold dealing licensee] → Canada (refine) → South Africa · Sale of refined gold and receipt of proceeds

货物起点

Doré bar - unstamped → Pre-refined 995 bar (e.g. 'Dubai 995')

• Export duty and customs clearance fee

  none on export ('No duties are payable on export'); clearance fee per Form 21

  官方指引金额未确认

  • Customs and Excise (General) Regulations 2001, s.62(1)(a)(ii); s.175 (clearance fee)

• Gold dealing licence fee

  US$200,000 per year

  法律原文金额未确认

  • Gold Trade (Licence Fees) Notice 1978, Schedule 2, as replaced by SI 32 of 2023

• Presumptive tax on small-scale miners

  0% of the purchase price of precious metals Precious metals bought from small-scale miners

  法律原文金额未确认

  • Finance Act [Chapter 23:04] s.22C(1)(b) as substituted by Finance Act 2024 s.6, s.22C(1)(b)

• Gold royalty, artisanal and small-scale miners

  2% (reported, 2025-2026); previously 1% Gold sold by artisanal and small-scale miners

  二手资料金额未确认

  • Mines and Minerals Act s.244-245; Finance Act [Chapter 23:04] Schedule to Chapter VII; Income Tax Act 37th Schedule, MMA ss.244-245; 37th Schedule paras 2-3, 7

• Gold royalty, 'gold produced by other miners' (price-banded, from 1 January 2026)

  3% (sold 'at a time when its price is US$1 200 per ounce'); 5% (above US$1,200 but below US$5,000 per ounce); 10% (above US$5,000 per ounce) 'Gold produced by other miners' (the Schedule item replaced by the Finance Act 2025; the item for small-scale miners is separate and not held)

  法律原文金额未确认

  • Finance Act 2025 s.61 (Schedule to Chapter VII of the Finance Act [Chapter 23:04]); Income Tax Act 37th Schedule, s.61; 37th Schedule paras 2, 3, 7

• Gold royalty, large-scale producers (before Finance Act 2025)

  3% below US$1,200/oz; 5% above US$1,200/oz

  二手资料金额未确认

• Implicit cost: 10% ZiG payment to small-scale miners and FGR discount to spot

  ~5% below spot (best FGR tier) plus 10% of value paid in ZiG (ASM) / 30% (LSM)

  二手资料金额未确认

• Exporters surrender 30% of gross proceeds to the RBZ at the interbank rate and retain 70% indefinitely (retention cut from 75% to 70% in the February 2025 MPS); 50% surrender on overdue proceeds; proceeds due within 90 days.

  30% of gross export receipts

  官方指引金额未确认

  • Exchange Control Regulations SI 109/1996; RBZ FX Guidelines FXD5/2026, Regulations ss.5, 35(1)(c); Guidelines paras 3.2.2, 3.2.3; Directive FXD5/2026 para 2

• Gold Trade Act licensees and permit holders are 'precious metals dealers' (MLPC Act s.13): identify and verify customers who pay 'in currency equal to or exceeding fifteen thousand United States dollars' (s.15(2)(d)) and whenever ML/TF is suspected, and the beneficial owner (s.15(3)); EDD for PEPs (…

  US$15,000 CDD threshold for occasional transactions

  法律原文金额未确认

  • MLPC Act [9:24]; FIU DPMS Guidance (2026), MLPC Act ss.13, 15(2)(d), 15(3), 20, 24, 30, 31; Guidance paras 155, 172

• Authorised gold bars are FGR-produced 99.5% bars of gazetted weights and dimensions bearing the FGR hallmark; defacing, altering, counterfeiting or smelting them is an offence (level 14 fine or up to 15 years).

  法律原文

  • Gold Trade Act [Chapter 21:03] as amended by Finance Act 2025, ss.2, 3, 12A

• A traveller may take out at most 'US$2,000 or its equivalent in any other currency, combination of currencies or gold coins' in foreign cash, and ZiG cash equivalent to US$2,000 (FX Guidelines 3.2.33-3.2.34). Personal-use gold articles in baggage are exempt from the export prohibition (Exchange Cont…

  US$2,000

  官方指引金额未确认

  • RBZ Foreign Exchange Guidelines FXD5/2026 (version 2.0, March 2026), paras 3.2.33-3.2.34

• All gold won must be delivered 'not later than the 10th of every month' to the holder of a gold dealing licence (GTA s.6(1)), who 'shall deal with such gold in accordance with directions issued to him by the Minister responsible for finance' (s.6(3)). Only licence or permit holders, location holders…

  All gold, any quantity

  法律原文

  • Gold Trade Act [Chapter 21:03], ss.3(1), 4, 5, 6(1), 6(3)

• Gold Trade Enforcement Unit (FGR staff plus police) may inspect mining locations and premises, examine documents and devices, and seize gold; obstruction is an offence.

  法律原文

  • Gold Trade Act [Chapter 21:03] Part IIIA, ss.22B-22E

• Payment for gold delivered to refineries: ASGM not more than 90% foreign currency / not less than 10% ZiG; LSGM 70% / 30% (from 1 March 2026).

  官方指引

  • RBZ Foreign Exchange Guidelines FXD5/2026 (version 2.0, March 2026), para 3.2.29

• 'No person shall dispatch by post any postal article containing gold unless he is authorized to do so by any regulation' (GTA s.10(1)); authorised: licence holders, permit holders, location holders or tributors and their employees or agents (GT Regulations reg 8); suspect articles may be detained an…

  法律原文

  • Gold Trade Act [Chapter 21:03]; Gold Trade Regulations 1978, s.10; reg 8

• No person may export gold unless authorised by an exchange control authority (Exchange Control Regulations s.20(1)(e)); 'All exports of Gold require prior Reserve Bank approval', applied for by the authorised dealer on the Document Management System with 'The Gold Export Certificate', 'Gold Dealersh…

  法律原文

  • Exchange Control Regulations SI 109/1996; Exchange Control Act; RBZ FX Guidelines FXD5/2026, Regulations s.20(1)(e); Act s.5(4c); Guidelines para 3.2.30

    “a fine of three times the value of the item”

• 'No person shall smelt or change the form of any manufactured article containing gold unless he has received the permission of the Minister' (GTA s.12(1)); fine up to level nine or two years (s.12(2)).

  法律原文

  • Gold Trade Act [Chapter 21:03], s.12

• Contravening s.3(1): without special circumstances 'imprisonment for a period of not less than five years or more than ten years', not suspendable (s.3(3)(a), (4)); with special circumstances up to five years or a fine up to level nine or twice the value of the gold (s.3(3)(b)); the same for ss.4, 5…

  法律原文

  • Gold Trade Act [Chapter 21:03], ss.3(3)-(4), 24, 30

• On 4 March 2024 the US ended the Zimbabwe sanctions programme and designated President Mnangagwa and 10 other individuals plus Sakunda Holdings, Fossil Agro and Fossil Contracting under Global Magnitsky, citing involvement in gold and diamond smuggling networks. FGR is not named. US persons must scr…

  官方指引

途经

Pre-refined 995 bar (e.g. 'Dubai 995') → LBMA Good Delivery 400oz bar

• GST on imported precious metal

  Non-taxable Imported precious metals under any circumstances (SOR/91-31 s.3(a)); unwrought gold, waste and scrap and gold concentrates imported to be refined into precious metals (s.3(b))

  法律原文

  • Excise Tax Act; Non-Taxable Imported Goods (GST/HST) Regulations, ETA Sched VII s.8; SOR/91-31 s.3(a), (b)

• GST/HST on 'precious metal' (gold bars, ingots, coins, wafers of 99.5%+)

  Zero-rated when supplied by the refiner or the person on whose behalf it was refined (Sched VI Part IX s.3); otherwise exempt as a financial service (Sched V Part VII s.1); supplies by a financial institution to a non-resident zero-rated (Sched VI Part IX s.1) ref.ms-gd400, ref.ms-9999 bars; not doré, granules or jewellery

  法律原文金额未确认

  • Excise Tax Act, s.123(1); Sched V Part VII s.1; Sched VI Part IX ss.1, 3

• GST/HST on doré and other non-qualifying gold

  5% GST (s.165(1)), or HST in participating provinces; exports zero-rated where Sched VI Part V s.1 applies Doré, granules, scrap sold domestically; refining fees charged to metal owners

  法律原文金额未确认

  • Excise Tax Act, s.165(1), (2); Sched VI Part V s.1

• Customs duty on gold (7108) and gold scrap (7112.91)

  Free (MFN and every applicable preferential tariff, incl. UST, CPTPT, UKT) Doré, bullion, powder, semi-manufactures, monetary gold, gold scrap

  法律原文金额未确认

  • Customs Tariff, 7108.11-7108.20, 7112.91

• S.C. 2026, c. 4 (Bill C-12, royal assent 26 Mar 2026) amended the PCMLTFA and the AMP Regulations: penalty ranges per violation $1 to $40,000 (minor), $1 to $4,000,000 (serious) and $1 to $20,000,000 (very serious) (AMP Regulations s.5, as amended by s.118), subject to the Act's maxima of $4,000,000…

  法律原文

  • PCMLTFA and PCMLTF AMP Regulations as amended by S.C. 2026, c. 4, Act ss.9.6(1.1), 73.1; SOR/2007-292 s.5

• CBSA officers may enter premises where goods destined for export are reported, loaded or stored and examine them (Customs Act ss.97.01-97.02, added by S.C. 2026, c. 4, Part 1).

  法律原文

  • Customs Act, ss.97.01, 97.02

• Extractive entities (listed in Canada, or meeting two of $20m assets, $40m revenue, 250 employees) must report and publish payments of $100,000 or more per category per payee to governments in Canada and abroad within 150 days after year end; keep records 7 years; fine up to $250,000 (ESTMA ss.8, 9,…

  法律原文

  • Extractive Sector Transparency Measures Act, ss.8, 9, 13, 24

• A DPMS receiving $10,000 or more in cash in a single transaction must file a large cash transaction report (unless from a financial entity or public body); amounts received within 24 consecutive hours from or for the same person are aggregated.

  $10,000 cash

  法律原文金额未确认

  • PCMLTF Regulations, ss.66, 126

• No exchange control or export-proceeds repatriation requirement identified.

  未经核实

• Since 2025 the Ontario Minister may suspend MLAS access, prohibit or terminate prospector's licences, deny leases and (with Lieutenant Governor in Council approval) cancel claims or terminate leases for the protection of the strategic national mineral supply chain.

  法律原文

  • Ontario Mining Act, ss.4.1(8)-(14), 26.1, 81(1.1), 176.1

• No legal cap on cash payments for gold is in force. Bill C-2 (Strong Borders Act, first reading 3 Jun 2025) Part 11 would add PCMLTFA s.77.5 making it an offence for a person or entity engaged in a business to accept a cash payment, donation or deposit of $10,000 or more (single or prescribed relate…

  $10,000 (proposed)

  法律原文金额未确认

  • Bill C-2 (not enacted), proposed PCMLTFA s.77.5

• Travellers must declare currency or monetary instruments of CAN$10,000 or more; gold bullion is not a monetary instrument and moves as goods through customs.

  CAN$10,000

  法律原文金额未确认

  • Cross-border Currency and Monetary Instruments Reporting Regulations, ss.1, 2

• Dealers in precious metals and precious stones are PCMLTFA reporting entities for purchases or sales of $10,000 or more (compliance program, KYC, beneficial ownership, PEPs, records kept at least five years, STR, LCTR, LVCTR, listed-person property and sanctions-evasion reports). Excluded: purchases…

  $10,000 per purchase or sale

  法律原文金额未确认

  • PCMLTF Regulations, ss.1(2), 65, 148

• Export reporting (not licensing): non-monetary gold must be declared through CERS/G7 EDI when worth CAD 2,000+ and going anywhere but the US; exports to the US of non-restricted goods are exempt.

  CAD 2,000; US destinations exempt

  法律原文金额未确认

  • Customs Act s.95; Reporting of Exported Goods Regulations, REGR ss.3, 6(b), 7

• Tariff item 9897.00.00 prohibits importation of "Goods manufactured or produced wholly or in part by prison labour" and "Goods mined, manufactured or produced wholly or in part by forced labour or child labour as those terms are defined in section 2 of the Fighting Against Forced Labour and Child La…

  法律原文

  • Customs Tariff, Schedule, tariff item 9897.00.00

• Canada hosts three LBMA Good Delivery gold refiners: Royal Canadian Mint (Ottawa, listed ~1919), CCR Refinery - Glencore Canada Corporation (Montreal East, ~1956) and Asahi Refining Canada Limited (Brampton, 15/06/1961). Output is accepted in London; Asahi and the Mint also state COMEX acceptance.

  标准

• Gold is not on the Export Control List: no export permit, licence or state approval is required to export gold, and no state buyer or export monopoly exists.

  法律原文

  • Export and Import Permits Act; Export Control List, EIPA s.13; SOR/89-202

• Every Ontario patent, lease or other disposition of lands, claims or mining rights is subject to the condition that "all ores or minerals raised or removed therefrom shall be treated and refined in Canada so as to yield refined metal or other product suitable for direct use in the arts without furth…

  法律原文

  • Ontario Mining Act, s.91

• No person in Canada or Canadian abroad may export, sell, supply or ship unwrought (710812) or semi-manufactured (710813) gold, wherever situated, to Russia or to any person in Russia (Schedule 6 Part 1 items 176-177; also jewellery and other listed articles). Exception: personal effects.

  法律原文

  • Special Economic Measures (Russia) Regulations, s.3.08, Schedule 6 Part 1 items 176-177

• Persons in Canada and Canadians abroad may not import, purchase or acquire any Schedule 9 good from Russia or from any person in Russia: gold powder (710811), other unwrought (710812), semi-manufactured (710813), monetary gold (710820), jewellery (711319) and goldsmiths' wares (711419) of precious m…

  法律原文

  • Special Economic Measures (Russia) Regulations, s.3.11, Schedule 9

• No person in Canada or Canadian abroad may import, purchase or acquire Schedule 13 goods, wherever situated, from Russia or a person in Russia; Schedule 13 item 137 is heading 7112 (waste and scrap of precious metal). Added by SOR/2025-143.

  法律原文

  • Special Economic Measures (Russia) Regulations, s.3.16, Schedule 13 item 137

• Entities producing, selling or distributing goods, or importing goods, that are listed in Canada or meet two of $20m assets, $40m revenue, 250 employees must report to the Minister by May 31 each year on steps taken to prevent forced and child labour in their supply chains (S.C. 2023, c. 9, ss.2, 9,…

  法律原文

  • Fighting Against Forced Labour and Child Labour in Supply Chains Act, ss.9, 11

货物终点

• VAT on other domestic supplies of gold

  15% Domestic gold supplies not zero-rated (e.g. recycled gold to banks; sales to traders)

  法律原文金额未确认

  • Value-Added Tax Act 1991

• VAT zero-rating of gold supplied to the SARB, SA Mint and banks

  0% Refined primary gold sold to the SARB, the SA Mint or a registered bank; recycled gold excluded (Lueven Metals, ZACC 23 June 2026)

  法律原文金额未确认

  • Value-Added Tax Act 1991, s.11(1)(f)

• SADPMR licence and permit fees

  Refining licence R20,000; beneficiation licence R5,000; jeweller's permit R500; import permit R1,000; certificate R1,000; special permit R5,000; appeal R500 (Annexure A, 2014) Applications and renewals

  法律原文金额未确认

  • Precious Metals Regulations, Annexure A as substituted by GN R737 (GG 38014, 22 Sept 2014)

• A business dealing in high-value goods (items valued in that business at R100,000 or more) is an accountable institution for transactions in which it receives payment of R100,000 or more (Schedule 1 item 20, from 19 Dec 2022): FIC registration (s.43B), risk management and compliance programme (s.42)…

  Payment of R100,000 or more in a transaction; goods valued at R100,000 or more

  法律原文金额未确认

  • FICA 38 of 2001, Schedule 1 item 20; ss.20A-21H, 22-23, 28, 29, 42, 43B

• A UN Security Council Chapter VII resolution identifying persons or entities 'has immediate effect for the purposes of this Act upon its adoption' (FICA s.26A(1)); the FIC Director must give notice of it (s.26A(3)). No person may, directly or indirectly, acquire, collect, use, possess or own propert…

  法律原文

  • FICA 38 of 2001, ss.26A-26C

    “A resolution adopted by the Security Council of the United Nations when acting under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identification of persons or entities against whom member states of the United Nations must take the actions specified in the resolution, has immediate effect for the purposes of this Act upon its adoption by the Security Council of the United Nations.”

• Contravening s.5(4) (as enacted; replaced by s.5A from 7 June 2013), 19, 20(2) or 28 is an offence with a fine up to R100 000 or up to two years' imprisonment, or both (s.99(1)(a)); failing to notify the Minister before beneficiating abroad (s.26(3)) carries up to R500 000 for each day (s.99(1)(f)).

  法律原文

  • MPRDA 2002, ss.98, 99(1)(a), 99(1)(f)

• Goods exported for sale must be sold, and the full proceeds received, not later than six months from shipment; an Authorised Dealer may allow credit of up to 12 months. Proceeds must be offered for sale to an Authorised Dealer within 30 days or dealt with under the CFC rules. The Authorised Dealer r…

  官方指引

  • Exchange Control Regulations; Currency and Exchanges Manual, Regs 6, 10, 11; B.18(B), (D)

• No export of unwrought or semi-fabricated gold except with the approval of the National Treasury under the Exchange Control Regulations, granted with the Minister's concurrence (PMA s.12(1)); no gold may be exported without Treasury permission (Reg 3); applications to export gold in any form are ref…

  法律原文

  • Precious Metals Act; Exchange Control Regulations, PMA s.12(1); Reg 3

• Producers submit gold specimens (nuggets, concentrate, dore) to the SAPS Forensic Science Laboratory every six months, and importers submit specimens of imported metal, building a forensic database to trace seized gold to its source.

  法律原文

  • Precious Metals Act; Precious Metals Regulations, s.22(1); reg 29

    “Any producer or any person who imports precious metal must submit to the Forensic Science Laboratory of the South African Police Service such specimens of any precious metals produced or imported by him or her as may be prescribed.”

• Except with Treasury permission, only authorised dealers may buy, borrow, sell or lend gold other than wrought gold (Reg 2). A resident entitled to sell gold must offer it for sale to the Treasury within 30 days unless exempted (Reg 5). Producers exempted by FinSurv from Reg 5 may sell their total o…

  法律原文

  • Exchange Control Regulations 1961, Regs 2, 5, 22

• No import of unwrought or semi-fabricated precious metal without an SADPMR import permit (valid up to one year), issued after consulting the National Commissioner and the National Treasury, on documentary proof of origin (s.10(2)); the Regulator or SAPS may inspect and sample imported metal (s.10(3)…

  法律原文

  • Precious Metals Act, s.10, s.22(1)

    “must state the origin of the precious metal in question, the purpose of the import”

• Export approval requires projections of monthly production against sales showing the applicant contributes to local demand; approval only where provision has been made to meet local demand for beneficiation.

  法律原文

  • Precious Metals Regulations; Precious Metals Act, reg 23(3)(a) as substituted by GN R387

• Minted gold bars must be 10, 50 or 100 g, of prescribed dimensions and at least 999.9 fine (reg 28, Annexure B Table 1); only approved manufacturers may make them and no more than 500 000 troy ounces a year may be manufactured (reg 27B).

  法律原文

  • Precious Metals Regulations, regs 27B, 28; Annexure B

    “The quantity of minted bars that maybe manufactured in the Republic may not exceed 500 000 troy ounces in a calendar year”

• Only a refining-licence holder, an authorised dealer, a producer (for gold it won or recovered), an SADPMR certificate holder, a holder of a special permit (metal not exceeding a prescribed mass, for scientific or beneficiation purposes or jewellery) or a beneficiation-licence holder may acquire, po…

  法律原文

  • Precious Metals Act, s.4(1), s.20(1)

• Rand Refinery, as an LBMA Good Delivery refiner, applies KYC and conflict-free sourcing policies to depositors and publishes responsible-gold and LBMA compliance reports.

  行业惯例

  • LBMA Responsible Gold Guidance

• Unwrought or semi-fabricated gold may not be carried outside a mine or refinery boundary without the prescribed waybill.

  法律原文

  • Precious Metals Act; Precious Metals Regulations, s.13; reg 26

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