Brazils Mining Fiscal Regime: H1 2014

Published: Apr, 2014 | Pages: 21 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Brazil fiscal regime report outlines governing bodies, governing laws, mining licenses, rights and obligations and key fiscal terms covering 13 commodities: coal, iron ore, copper, zinc, bauxite, gold, lead, silver, chromium, nickel, platinum, uranium and manganese.

Summary
The mining industry in Brazil is governed by the Ministry of Mines and Energy (MME) and the Brazil Geological Survey (CPRM). The Mining Code of 1967 regulates all exploration and extraction activities of minerals in Brazil. The code specifies deposits and mines, and sets rules and regulations for authorization, concession, licensing and permits, and plans the duties of holders of mining rights and regulating authorities, among others.
Scope
The report outlines Brazil's governing bodies, governing laws, mining licenses, rights and obligations and key fiscal terms which includes Royalty, Corporate Income Tax, Land Owner Royalty, Annual Tax, Withholding Tax, Depreciation and VAT.
Reason To Buy
To get an overview of Brazil's mining fiscal regime.
Key Highlights
The mining industry in Brazil is governed by the Ministry of Mines and Energy (MME) and the Brazil Geological Survey (CPRM). The Mining Code of 1967 regulates all exploration and extraction activities of minerals in Brazil.
The MME came into existence in 1960. It is an apex body for the formulation and administration of regulations relating to the mining and energy industries' resources.
The DNPM is a federal agency and report to the MME. The department was incorporated in 1934 and became an independent self-regulatory institution in 1994. It focuses on the planning and promotion of mineral exploration, and supervises geological and mineral technology.
The CPRM is a federal government organization under the jurisdiction of the Ministry of Mines and Energy. It was established in 1969, and became an entirely state-owned institution in 1994.

 1 Executive Summary 1
2 The Brazilian Mining Industry - Governing Bodies 5
2.1 Ministry of Mines and Energy (MME) 5
2.2 tiol Department of Mineral Production (DNPM) 5
2.3 Brazil Geological Survey (CPRM) 5
2.4 tiol Commission of Nuclear Energy (CNEN) 5
2.5 Industrias Nucleares do Brasil SA (INB) 6
2.6 Ministry of Science and Technology (MCT) 6
3 The Brazilian Mining Industry - Governing Laws 7
3.1 The Mining Code 7
3.2 Law No. 4.118 7
3.3 Law No. 6.189 7
3.4 Law No. 9765 7
4 The Brazilian Mining Industry - Mining Licenses 8
4.1 Exploration Authorization System 8
4.2 Exploration Authorization Permit 8
4.3 Mining Concession System 9
4.4 Environmental Impact Assessment (EIA) study for Mining Activity 9
4.5 Environmental Licensing for Mining Activity 9
5 The Brazilian Mining Industry - Rights and Obligations 10
5.1 Rights 10
5.2 Obligations 10
6 The Brazilian Mining Industry - Key Fiscal Terms 11
6.1 Royalty 11
6.2 Corporate Income Tax 11
6.3 Land Owner Royalty 11
6.4 Annual Tax 12
6.5 Withholding Tax 12
6.6 Depreciation Rates 12
6.7 Value Added Tax 13
7 The Brazilian Mining Industry - Future Development 14
8 Appendix 15
8.1 What is this Report About? 15
8.2 Methodology 15
8.3 Secondary Research 15
8.4 Primary Research 15
8.5 Contact Timetric 16
8.6 About Timetric 16
8.7 Timetric's Services 17
8.8 Disclaimer 18


List of Tables
Table 1: The Mining Industry in Brazil - Fiscal Regime Terms and Other Taxes 1
Table 2: The Mining Industry in Brazil - Uranium Licensing Fees (BRL $), 2014 11
Table 3: The Mining Industry in Brazil - Federal Royalty (%), 2014 11
Table 4: The Mining Industry in Brazil - Mining Taxation (%), 2014 12
Table 5: The Mining Industry in Brazil - Depreciation Rates (Years and %), 2014 13