tax law and corporate law relating to mining and mineral resources

ZAMBIA TAX GUIDE: An Overview Of The Fiscal Framework, The ...

 · There is no capital gains tax in Zambia. Zambia Mineral Royalty. Mineral Royalty is charge under the Mines and Minerals Act Chapter 213 of the Laws of Zambia on any holder of large-scale mining licence, small-scale mining licence, gemstone licence, or artisan mining right for extracting the minerals from the earth.

Mining Royalties, Elections and the Constitution in Chile ...

 · For example, in 2014, Australia discontinued the Mineral Resources Rent Tax (MRRT), "a tax levied on super profits of Australian coal and iron ore …

DOMESTIC TAX LAWS OF UGANDA

the tax laws. In updating this version, the "Reprint of the Income Tax Act and the Value Added Tax Act" as at 19th October 2012, by the Uganda Law Reform Commission was used as an authentic reference for conformity; and all the amendments to the principal …

Extractives & Transition Minerals

How the Mining and Oil, gas & coal industries are responding to the COVID-19 global pandemic; The Pacific Business & Human Rights portal, including latest news, case studies and findings relating to mining in the Pacific region; The Business & Human Rights Resource Centre''s Transition Minerals …

IGF Mining Policy Framework Assessment: Rwanda

2. The government has a strong willingness to improve the mining sector by updating and improving the mining legal framework and resulting mining policy as necessary, and the government takes the lead on advancing and improving mining practices through the regular issuance of ministerial orders and the periodic review of policies and guidelines. 3.

Mining

Mining. In recent years, the law and practice surrounding mining and mineral exploration has become increasingly complex. Mining projects require strengths in a host of legal disciplines, including project development, finance, regulatory, compliance, health and safety and litigation.

Minerals and Mining Policy of South Africa: Green Paper ...

Mining companies are required by law to make financial provision for mining-related environmental rehabilitation. If in the form of a trust fund, the Income Tax Act permits the deduction of this provision from income, and exempts from tax the receipts and accruals of registered environmental funds established to hold these provisions.

Mining laws in India

 · Laws relating to mining in India. Along with Mines Act, 1952 there are many other acts which regulates and provides a framework to mining, which includes "mines and Minerals (Development and Regulations) Act, 1975", "Auction by Competitive Bidding of Coal Mines Rules, 2012", etc.

Peru Mining Country Guide

the Mining sector to contribute generously to the national treasury. The three main taxes and fees imposed on mining companies are corporate income tax, royalties and concession rights. However, mining companies are also required to pay a special mining tax and a special mining lien. In September 2011, an additional charge was levied on

Mining duties, royalties and taxes in Ghana

 · A 10 per cent windfall tax levy on mining companies was announced in 2012, but is yet to be passed into law. The royalties'' payments are revenue-based (fixed at 5 per cent of total revenue ...

NATURAL RESOURCES: MINING AND PETROLEUM; Investing in ...

More recently, the Minister of Mines and Mineral Resources, Mr Morie Manyeh, is reported as stating that the review of the mining regime in Sierra Leone would "capture into law and infuse into regulations" practices recommended in the World Bank publication titled, "License to drill; A Manual on Integrity Due Diligence in Extractive ...

Zambia: Mines and Minerals Bill and Related Income Tax ...

(Cabinet Approves Bill to Increase Corporate Income Tax for Mining Operations by 30%, supra.) In addition, the government has determined that the mineral royalty tax will be 9% for open-cast mining operations and 6% for underground mining operations. (Id.) The underground mining royalty rate had recently been revised upward to 9%, leading to a ...

Legislation, regulations and guidelines | Australia Minerals

The Australian Taxation Office (ATO) has a considerable amount of related material available. Minerals specific taxation. The state and Northern Territory governments collect royalties on mineral production in return for granting the right to private businesses to exploit mineral resources within their jurisdictions.

MINERALS POTENTIAL & MINERALS LAW OF LAO PDR

Law on Minerals The (Revised) Law on Minerals is promulgated on December 2011. This law repeals the Law on Minerals No. 04/NA, dated 8 December 2008. The Law on Minerals is composed of 12 Parts and 102 Articles. Part III Mineral activities Part IV Mineral Business Part V safety and Environment Part VI Rights, duties and obligations

Tax Incentives in Mining: Minimising Risks to Revenue

v TAX INCENTIVES IN MINING: MINIMISING RISKS TO REVENUE Acronyms and Abbreviations APA Advance Pricing Agreement BEPS base erosion and profit shifting DTA Double Taxation Agreements EDB Economic Development Board EPZ export processing zones IGF Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development IRR internal rate of return OECD …

Mining and minerals in South Africa | Brand South Africa

 · The junior mining sector in South Africa was born of new legislation in the form of the Mining and Petroleum Resources Development Act of 2006. The law enforced a "use it or lose it" principle, stipulating that mining rights not used by mining companies to exploit minerals in the ground would revert back to the state.

Call for mining tax regime, ''rainy day'' trust fund renewed ...

 · Call for mining tax regime, ''rainy day'' trust fund renewed in PH-EITI confab. posted July 30, 2021 at 10:05 pm by Maricel Cruz. Albay Rep. Joey Sarte Salceda on Friday called for the passage of the proposed fiscal regime for the mining industry, saying the industry is a potential job creator in the post-COVID future.

Mining Regulations and Statutes

Mining Regulations and Statutes. The mining divisions are guided by statutes, regulations, reclamation advisory memorandums and technical reclamation memorandums in the implementation of their regulatory programs. The Cabinet''s Department for Natural Resources is the agency with front-line responsibility for carrying out the statutes and the ...

Minerals resource rent tax | Australian Taxation Office

The minerals resource rent tax (MRRT) applies to certain profits from taxable resources extracted in Australia during the period 1 July 2012 to 30 September 2014. As a coal or iron ore explorer or producer, find out how MRRT may affect you during the period. Last modified: 25 Feb 2016 QC 33604.

Impact of Law No.3 of 2020 on Indonesia''s Mining Sector ...

The new Mining Law No. 3/2020 has been enacted on 10 June to amend Mining Law No.4 /2009. The law paves the way for several changes including on matters related to mining areas determination, centralization of authority as well as licensing of mining businesses, among others. Given the changes along with potential impacts that follow, mining ...

LLM in the Law of Mineral and Petroleum Extraction and Use

Live. •. The NRF/DST SARChI Research Chair: Mineral Law in Africa offers a specialised LLM in the Law of Mineral and Petroleum Extraction and Use, in the Faculty of Law at the University of Cape Town. If you are interested in the regulation and operation of the mining sector, this programme is for you! It covers a broad array of topics, with ...

Mining Law and Policy Concentration

 · University of Arizona Law''s Master of Legal Studies (MLS) fully online degree with a concentration in Mining Law and Policy introduces lawyers and mining professionals to the range of legal issues that arise in the acquisition of mineral properties and the related financing, mining and environmental considerations faced by the modern mining industry.

Myanmar Mining

For additional information on mining in Myanmar please refer to Charltons presentation "Advising Mineral Resources Companies in Myanmar". Mining Law in Myanmar. The core pieces of mining legislation in Myanmar are the Myanmar Mines Law ("Mines Law"), the Law Amending the Myanmar Mines Law (2015) and Government Myanmar Mining Rules (2018 ...

Overview of Main Tax Instruments

Canadian income tax law (both federal and provincial/territorial) recognizes four main types of income sources: business, property, employment, and capital gains. Income from a property source connotes passive income (such as rent, interest, royalties, and dividends) earned through investment (as opposed to business) activities.

Mining | International Institute for Sustainable Development

 · The IGF supports more than 75 nations committed to leveraging mining for sustainable development to ensure that negative impacts are limited and financial benefits are shared. It is devoted to optimizing the benefits of mining to achieve poverty reduction, inclusive growth, social development, and environmental stewardship.

Mining Legislation

Mineral Tenure Act. The Mineral Tenure Act (MTA) is the primary statute that authorizes the registration of mineral and placer titles with the Province and provides the policy framework for Mineral Titles administration. October 2010: The Ministry of Energy, Mines and Low Carbon Innovation is proceeding with amendments to the Mineral Tenure Act ...

Mining in Tanzania: Effects of the mining legal framework ...

The safeguarding of a nation''s natural resources and ensuring locals benefit from natural resources is not a new phenomenon and globally it has been tapped into in order to ensure that there is mutual benefit derived from the mining industry. 8 The 2017 Mining Laws have had a number of stumbling points, but we believe, as practitioners in the ...

Mining Tax Recommendations | Tax Services | Deloitte ...

The Davis Tax Committee (DTC) recently released its first interim report on mining for the Minister of Finance and has called on the public to provide comments on their recommendations. This article provide a summary of the tax-related proposals, as contained in the first interim report. The DTC was established as a result of the policy ...

MINING TAX LAW

MINING TAX LAW Description The Mining Tax Law postgraduate certificate course aims to provide candidates with a thorough grounding in the fundamental principles of mining tax law and to provide insight into the mining industry on both a general and specific level. Outcomes At the end of the course, students should have developed the:

Mining legislation

Mineral Land Tax Act. Agricultural Mineral Land Regulation. Certificate of Forfeiture Form Regulation. Mineral Land Tax Adjustment Regulation. Mineral Land Tax Interest Rate Regulation. Surrender of Interests in Mineral Land Regulations. Mineral Tax Act. Mineral Tax Costs and Expenditures Regulation. Mineral Tax Disposition of Mine Regulation.

Constitutionality of GST on royalties for mining leases ...

 · P ayment of royalties to the relevant governments is a common feature across the entire spectrum of mining leases in India (and across the world), irrespective of the type of mineral.. Sudipta Bhattacharjee Partner Advaita Legal. Since the expansion of the concept of taxable service under the erstwhile service tax regime (vide introduction of a negative list-based regime in 2012 and ...

Mineral Mining in Africa: Legal and Fiscal Regimes

 · Africa is endowed with commercially viable quantities of several minerals and metals, and, more than ever before, African countries wish to harness their mineral resources for their economic development. The African mining sector has witnessed a revolution in terms of new mining codes and amendments to extant mining codes, which are designed to achieve a multitude of objectives, …