The Philippines' Mining Fiscal Regime: H1 2016

Published: Mar, 2016 | Pages: 16 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Philippine fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on seven commodities: iron ore, coal, copper, zinc, gold, nickel and chromium.

Summary
Timetric's fiscal regime report covers The Philippines which has variety of mineral resources, including copper, nickel, cobalt, and gold.  Deposits are categorized into metals and non-metals.

The mining industry is governed by the Department of Environment and Natural Resources (DENR), and the Mines and Geosciences Bureau. The Philippine Mining Act of 1995 is the apex governing law for the country's mining industry.

Scope
The report outlines the governing bodies, laws, licenses, rights, obligations, and key fiscal terms which include royalty, excise tax, corporate income tax, capital gains tax, withholding tax, optional standard deductions, depreciation, loss carry forward and value added tax (VAT)

Reasons to Buy
Gain an overview of the Philippines' mining fiscal regime.

Key Highlights
 The DENR is the main governing body for mineral resources in the Philippines.

 The  Land Management Bureau provides long- and medium-term strategic plans for the land sector, and monitoring and evaluation tools to ensure the achievement of goals.

 The Philippine Mining Act of 1995 (RA 7942) is the main law governing the exploration, development, utilization and processing of mineral resources. It establishes state ownership of all mineral resources.

 Table of Contents
1 Executive Summary 
2 The Philippines Mining Industry - Governing Bodies 
2.1 Department of Energy (DoE) 
2.2 Department of Environment and Natural Resources (DENR) 
2.2.1 Environmental Management Bureau (EMB) 
2.2.2 Land Management Bureau (LMB) 
2.3 Mines and Geosciences Bureau (MGB) 
2.3.1 Mine Management Division 
2.3.2 Mine Safety, Environment and Social Development Division 
2.3.3 Mining Technology Division 
2.3.4 Mining Tenement Management Division 
2.3.5 Mineral Economics, Information and Publications Division 
2.3.6 Land Geological Survey Division 
3 The Philippines Mining Industry - Governing Laws 
3.1 Philippine Mining Act of 1995 
3.2 Republic Act No. 7076 
3.3 Presidential Decree No. 1899 
4 The Philippines Mining Industry - Mining Permits and Contracts 
4.1 Exploration Permit 
4.1.1 Duration 
4.1.2 Area 
4.2 Mineral Agreement 
4.2.1 Mineral Production Sharing Agreement (MPSA) 
4.2.2 Co-Production Agreement (CA) 
4.2.3 Joint-Venture Agreement (JVA) 
4.2.4 Duration 
4.2.5 Area 
4.3 Financial or Technical Assistance Agreement (FTAA) 
4.4 Mineral Processing Permit 
4.4.1 Duration 
5 The Philippines Mining Industry - Mining Rights and Obligations 
5.1 Rights 
5.2 Obligations 
6 The Philippines Mining Industry - Key Fiscal Terms 
6.1 Royalty 
6.2 Excise Tax 
6.3 Corporate Income Tax 
6.4 Capital Gains Tax 
6.5 Withholding Tax 
6.5.1 Dividends 
6.5.2 Interest 
6.5.3 Royalties 
6.6 Optional Standard Deductions 
6.7 Loss Carry Forward 
6.8 Value Added Tax (VAT) 
7 Appendix 
7.1 Abbreviations 
7.2 Secondary Research 
7.3 Primary Research 
7.4 Contact Timetric 
7.5 About Timetric 
7.6 Timetric's Services 
7.7 Disclaimer

List of Tables
Table 1: The Mining Industry in the Philippines - Key Taxes and Rates, 2016 
Table 2: The Mining Industry in the Philippines - Exploration Permit Areas (ha), 2016 
Table 3: The Mining Industry in the Philippines - Mineral Agreement Areas (ha), 2016