Spains Mining Fiscal Regime: H1 2014

Published: Sep, 2014 | Pages: 12 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Spanish Fiscal Regime report covers the governing bodies, laws, mining permits and tax-related information on four commodities: nickel, copper, gold and lead. 

Summary
The country's mining industry is governed by the Ministry of Industry, Energy and Tourism (El Ministerio de Industria, Energia y Turismo) and General Department of Mines (La Subdireccion General de Minas). Law 22/1973 of July 21 and Law 6/1977 - Development of Mining governs all minerals resources and establishes a legal framework for the research and exploitation of mineral and other geological resources. 
Scope
The report outlines Spain's governing bodies, governing laws, mining permits and key fiscal terms which includes Corporate Income Tax, Capital Gain Tax, Withholding Tax, Depreciation, Loss Carry Forward, Value Added Tax, VAT. 
Reason To Buy
Gain an overview of Spain's mining fiscal regime. 
Key Highlights
 The Ministry of Industry, Tourism and Trade ensures administration and accounts for the proposal and implementation of government policy and regulations on different industries and services such as trade policy, small and medium-sized enterprises, energy and mining, tourism, telecommunications and social information.
The General Department of Mines ensures the development and regulation aligning within General State Administration rights of different functions established by royal decree in the field of mining.
Law 22/1973 is the main governing law establishes a legal framework for the research and exploitation of mineral and other geological resources

 1 Executive Summary 1
2 The Spanish Mining Industry - Governing Bodies 5
2.1 Ministry of Industry, Energy and Tourism (El Ministerio de Industria, Energia y Turismo) 5
2.2 The General Department of Mines (La Subdireccion General de Mis) 5
3 The Spanish Mining Industry - Governing Laws and Permits 6
3.1 Law 22/1973 of July 21 6
3.2 Law 6/1977 - Development of Mining 6
4 The Spanish Mining Industry - Mining Permits 7
4.1 Exploration permit 7
4.2 Research Permit 7
4.3 Exploitation Permit 7
5 The Spanish Mining Industry - Key Fiscal Terms 8
5.1 Corporate Income Tax 8
5.2 Capital Gains Tax 8
5.3 Withholding Tax 8
5.4 Depreciation 8
5.5 Loss Carry Forward 8
5.6 Value Added Tax 8
6 Appendix 9
6.1 What is this Report About? 9
6.2 Methodology 9
6.3 Secondary Research 9
6.4 Primary Research 10
6.5 Contact Timetric 10
6.6 About Timetric 10
6.7 Timetric's Services 11
6.8 Disclaimer 12


List of Tables
Table 1: The Mining Industry in Spain - Fiscal Regime Terms and Other Taxes 1
Table 2: The Mining Industry in Spain - Depreciation Tax Rates (%), 2014 8