Guineas Mining Fiscal Regime: H1 2014

Published: Jul, 2014 | Pages: 14 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Guinea fiscal  regime report outlines governing bodies, governing laws, licenses, rights and obligations and tax-related information on 4 commodities: iron ore, bauxite, gold and diamond. 

Summary
The country's mining industry is governed by the Ministry of Mines and Geology (Ministere des Mines et de la Geologie), and the departments under it. The Mining Code is the main act applicable to all activities related to mineral and fossil substances found in Guinea. 
Scope
The report outlines the Guinea's governing bodies, governing law, licenses and permits, rights and obligations and key fiscal terms which includes Fixed fees, Surface Taxes, Mining Taxes, Corporate Income Tax, Capital Gains Tax, Withholding Tax, Property Tax, Depreciation, Loss Carry Forward and Value Added Tax, VAT. 
Reason To Buy
Gain an overview of Guinea's mining fiscal regime. 
Key Highlights
 The Ministry of Mines and Geology is the highest government authority and is accountable for the promotion and growth of the mining and mineral sector.
Department of Environment ensures safe mining and healthy working conditions. . 
Mining Promotions and Development Centers (CPDM) promotes investment in mining.
The Mining Code is the governing law that is applicable to all activities related to mineral and fossil substances found in Guinea.

 1 Executive Summary 1
2 The Guinean Mining Industry - Governing Bodies 5
2.1 The Ministry of Mines and Geology (Ministere des Mines et de la Geologie) 5
2.1.1 Department of Environment 5
2.1.2 Mining Promotions and Development Centers (CPDM) 5
3 The Guinean Mining Industry - Governing Law 6
3.1 The Mining Code 6
4 The Guinean Mining Industry - Licenses and Permits 7
4.1 Reconissance License 7
4.2 Prospecting permit 7
4.3 Operating Permit 7
4.4 Mining Concessions 7
5 The Guinean Mining Industry - Rights and Obligations 8
5.1 Rights 8
5.2 Obligations 8
6 The Guinean Mining Industry - Key Fiscal Terms 9
6.1 Fixed Fee 9
6.2 Surface Taxes 9
6.3 Mining Taxes 9
6.4 Corporate Income Tax 9
6.5 Capital Gain Tax 9
6.6 Withholding Tax 10
6.7 Property Tax 10
6.8 Depreciation 10
6.8.1 Straight Line Depreciation 10
6.8.2 Declining Balance Depreciation 10
6.9 Loss Carry Forward 10
6.10 Value Added Tax 10
7 Appendix 11
7.1 What is this Report About? 11
7.2 Methodology 11
7.3 Secondary Research 11
7.4 Primary Research 12
7.5 Contact Timetric 12
7.6 About Timetric 12
7.7 Timetric's Services 13
7.8 Disclaimer 14


List of Tables
Table 1: The Mining Industry in Guinea - Fiscal Regime Terms and Other Taxes (%), 2014 1
Table 2: The Mining Industry in Guinea - Mining Tax (%), 2014 9
Table 3: The Mining Industry in Guinea - Withholding Tax (%), 2014 10
Table 4: The Mining Industry in Guinea - Depreciation (Straight Line) Tax (%), 2014 10