Brazil's Mining Fiscal Regime: H1 2016

Published: Feb, 2016 | Pages: 15 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Brazilian fiscal regime report outlines the governing bodies, governing laws, licenses, rights and obligations and tax-related information on 12 commodities: coal, iron ore, copper, zinc, bauxite, gold, chromium, nickel, platinum, diamond, uranium and manganese.

Summary
Timetric's fiscal regime report covers Brazil, which is rich in mineral resources of bauxite, gold, iron ore, manganese, nickel, phosphates and platinum. The Brazilian mining industry is governed by the Ministry of Mines and Energy (MME) and the Brazil Geological Survey (CPRM). The Mining Code of 1967 regulates all mineral exploration and extraction activities in the country. The code specifies deposits and mines, and sets rules and regulations for authorization, concession, licensing and permits, and plans the duties of mining rights holders and regulating authorities, among others.

Scope
The report outlines the governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes royalty, corporate income tax, annual tax, withholding tax, depreciation rates, fees and  exploration permit

Reasons to Buy
Gain an overview of Brazil's mining fiscal regime

Key Highlights
 Ministry of Mines and Energy is an apex body for the formulation and administration of regulations relating to the mining and energy industries resources.

 National Department of Mineral Production focuses on planning and promoting mineral exploration, and supervises geological and mineral technology

  Brazil Geological Survey is responsible for performing geological and hydrological surveys

 Ministry of Science Technology and Innovation is responsible for developing a national policy on science, technology and innovation

 Table of Contents
1 Executive Summary 
2 The Brazilian Mining Industry - Governing Bodies 
2.1 Ministry of Mines and Energy (MME) 
2.2 National Department of Mineral Production (DNPM) 
2.3 Brazil Geological Survey (CPRM) 
2.4 Ministry of Science Technology and Innovation (MCTI) 
2.4.1 National Commission of Nuclear Energy (CNEN) 
2.4.2 Industrias Nucleares do Brasil SA (INB) 
3 The Brazilian Mining Industry - Governing Laws 
3.1 The Mining Code 
3.2 Law No. 4118 
3.3 Law No. 6189 
3.4 Law No. 9765 
4 The Brazilian Mining Industry - Mining Licenses 
4.1 Exploration Authorization Permit 
5 The Brazilian Mining Industry - Rights and Obligations 
5.1 Rights 
5.2 Obligations 
6 The Brazilian Mining Industry - Key Fiscal Terms 
6.1 Royalty 
6.2 Corporate Income Tax 
6.3 Annual Tax 
6.4 Withholding Tax 
6.5 Depreciation Rates 
6.6 Fees 
6.7 Exploration Permit 
7 The Brazilian Mining Industry - Future Development 
8 Appendix 
8.1 Abbreviations 
8.2 Secondary Research 
8.3 Primary Research 
8.4 Contact Timetric 
8.5 About Timetric 
8.6 Timetric's Services 
8.7 Disclaimer

List of Tables
Table 1: The Mining Industry in Brazil - Key Taxes and Rates, 2016 
Table 2: The Mining Industry in Brazil - Uranium Licensing Fees (BRL), 2016 
Table 3: The Mining Industry in Brazil - Federal Royalty (%), 2016 
Table 4: The Mining Industry in Brazil - Mining Taxation (%), 2016 
Table 5: The Mining Industry in Brazil - Depreciation Rates (Years and %), 2016 
Table 6: The Mining Industry in Brazil - Fee (in BRL), 2016