Peru’s Mining Fiscal Regime: H1 2014
Synopsis
Peru fiscal regime report
outlines governing bodies, governing laws, rights and obligations and key
fiscal terms covering seven commodities: copper, zinc, gold, silver, coal, iron
ore and lead.
Summary
Natural resources in Peru
consisted of silver, gold, petroleum, iron ore, coal and natural gas, among
others. The Ministry of Energy and Mines and Directorate General of Mines
govern the mining industry in Peru. The General Mining Law covers all matters
on the use of mineral soil and subsoil in Peru and Peru's marine areas.
Scope
The report outlines
Peru's governing bodies, governing laws, rights and obligations and key fiscal
terms which includes royalties, corporate tax, capital gains tax, depreciation,
withholding tax, loss carry forward and VAT.
Key
highlights
·
MINEM's aim is to focus on the comprehensive development of
sustainable mining activities. The ministry supports the growth of mining with
regard to energy, regulation and supervision and use of natural resources.
·
The Mining Department under Ministry of Energy and Mines is
responsible for advocating technical activities and evaluating mining sector
policy.
·
The Directorate General of Environmental Affairs is the
regulatory technical body responsible for proposing and evaluating
environmental policy of mining sector. It promotes the execution of activities
aim at the protection and conservation of environment.
·
The General Mining Law came into effect in 1992. The act covers
all matters on the use of mineral soil and subsoil in Peru and Peru's marine
areas.
Find Complete report along with TOC @ http://marketreportsstore.com/perus-mining-fiscal-regime-h1-2014/ .Chile’s Mining Fiscal Regime: H1 2014
Synopsis
Chile fiscal regime
report outlines governing bodies, governing laws, mining licenses, mining
rights and obligations and key fiscal terms covering eight commodities: copper,
gold, silver, uranium, zinc, coal, iron ore and lead.
Summary
The Ministry of Mining
and Ministry of Environment, among others, governs the mining industry in
Chile. The Mining Code and Organic Constitutional Law on Mining Concessions are
responsible for granting mining concessions for either exploration or
exploitation.
Scope
The report outlines
Chile's governing bodies, governing laws, mining licenses, rights and
obligations and key fiscal terms which includes business profit tax, tax on
operational mining income, other taxes, municipal duty (commercial license),
real estate tax, capital gains tax, stamp duty tax, depreciation, withholding
tax and VAT.
Key
highlights
·
The Ministry of Mining ensures the formulation of and compliance
with mining policies, incorporating sustainability and technological
innovation, to maximize the country's economic, environmental and social
development.
·
The Ministry of Energy operates in collaboration with the
President, and takes care of the governance and management of the energy
sector.
·
The Ministry of Environment ensures the protection of natural
resources and is responsible for the development and implementation of various
environmental management tools in law, and education environmental and
pollution control.
·
The National Service of Geology and Mining (Sernageomin)
provides technical advice on geology and mining to the Ministry of Mining.
Reasons
to buy
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Chile's mining fiscal regime.
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