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Finlands Mining Fiscal Regime: H1 2014

Published: Jul, 2014 | Pages: 16 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Finland fiscal regime report outlines governing bodies, governing laws, mining licenses/permits and compensation, permit holder obligations, compensation and collateral and key fiscal terms covering 11 commodities: coal, iron ore, copper, zinc, gold, silver, nickel, chromium, lead, uranium and platinum.

Summary
The country's mining industry is governed by the Geological Survey of Finland (GTK) and the Finnish Safety and Chemicals Agency (Tukes). The Mining Act and Environmental Protection Act are the main laws regulating the mining industry.
Scope
The report outlines Finland's governing bodies, governing laws, mining licenses/permits and compensation, permit holder obligations, compensation and collateral and key fiscal terms which includes Fees and Charges, Corporate Income Tax, Capital Gain Tax, Loss Carry Forward, Depreciation, Real Property Tax, Withholding Tax, Value Added Tax, VAT.
Reason To Buy
Gain an overview of Finland's mining fiscal regime.
Key Highlights
The Geological Survey of Finland (GTK) is an authoritative agency under the Ministry of Employment and the Economy (MEE) for mining activities in Finland.
The Finnish Safety and Chemicals Agency (Tukes) is the main authority for supervising mining activities in Finland. The Ministry of Employment and Economy (MEE) was previously responsible for governing the mining sector.
The Mining Act (621/2011) came into force on July 1, 2011. Its purpose is to promote mining activities, organize sustainable exploration, ensure mine safety, and reduce and combat activities that would adversely affect safety.
The Environmental Protection Act 4.2.2000/86 ensures the protection, elimination, and reduction of damage caused by pollution in Finland.
 1 Executive Summary 1
2 The Finnish Mining Industry - Governing Bodies 6
2.1 Geological Survey of Finland (GTK) 6
2.2 Finnish Safety and Chemicals Agency (Tukes) 6
3 The Finnish Mining Industry - Governing Laws 7
3.1 The Mining Act 7
3.2 Environmental Protection Act 7
4 The Finnish Mining Industry - Mining Licenses/Permits and Compensation 8
4.1 Exploration Permit 8
4.1.1 Duration 8
4.1.2 Area 8
4.2 Annual Compensation - Gold Mining 8
4.3 Mining Permit 8
4.3.1 Duration 8
5 The Finnish Mining Industry - Permit Holder Obligations, Compensations and Collateral 9
5.1 Obligations 9
5.2 Compensations and Collateral 9
5.3 Annual Compensation - Gold Mining 9
5.3.1 Claim compensation 9
5.3.2 Gold panning compensation 9
5.3.3 Mining concession area fee 9
6 The Finnish Mining Industry - Key Fiscal Terms 10
6.1 Fees and Charges 10
6.2 Corporate Income Tax 11
6.3 Capital Gain Tax 11
6.4 Loss Carry Forward 11
6.5 Depreciation 11
6.6 Real Property Tax 11
6.7 Withholding Tax 11
6.8 Value Added Tax 11
7 Appendix 12
7.1 What is this Report About? 12
7.2 Methodology 12
7.3 Secondary Research 12
7.4 Primary Research 13
7.5 Contact Timetric 13
7.6 About Timetric 13
7.7 Timetric's Services 14
7.8 Disclaimer 15

List of Tables
Table 1: The Mining Industry in Finland - Fiscal Regime Terms and Other Taxes (%), 2014 1 Table 2: The Mining Industry in Finland - Fees and Charges (EUR), 2014 10



                                

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