Venezuelas Mining Fiscal Regime: H1 2014

Published: Sep, 2014 | Pages: 13 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Venezuelan fiscal regime report covers the governing bodies, laws, ownership and licensing types, mining rights and tax-related information on 3 commodities: gold, iron ore and coal. 

Summary
The country's mining industry is governed by the Ministry of Popular Power for Oil and Mining (Ministerio del Poder Popular de Petroleo y Mineria) and the Ministry of Popular Power for the Environment (Ministerio del Poder Popular para el Ambiente). The Mining Law (Decree No. 295 of September 5, 1999) is the main law which governs and regulates these activities in the country. 
Scope
The report outlines Venezuela's governing bodies, governing laws, Ownership and licensing types, mining rights and key fiscal terms which includes Royalty, Depreciation, Corporate Tax, Capital Gain Tax, Withholding Tax, Loss Carry Forward, Value Added Tax, VAT. 
Reason To Buy
Gain an overview of Venezuela's mining fiscal regime. 
Key Highlights
 The Ministry of Popular Power for Oil and Mining (MPPM) is the main regulatory authority for all petroleum and mining-related operations. 
The Ministry of Popular Power for the Environment (MPPA) is responsible for managing environmental laws. 
The Mining Law (Decree No. 295 of September 5, 1999) is the applicable law which governs and regulates activities related to the mining industry in Venezuela.

 1 Executive Summary
2 The Venezuelan Mining Industry - Governing Bodies
2.1 Ministry of Popular Power for Oil and Mining (Ministerio del Poder Popular de Petroleo y Mineria)
2.2 Ministry of Popular Power for the Environment (Ministerio del Poder Popular para el Ambiente)
3 The Venezuelan Mining Industry - Governing Laws
3.1 The Mining Law
3.2 The General Regulations of the Mining Law
4 The Venezuelan Mining Industry - Ownership and Licensing Types
4.1 Ownership
4.2 Licensing Types
5 The Venezuelan Mining Industry - Rights
5.1 Rights
5.1.1 Mining rights
5.1.2 Rights of easement and expropriation
6 The Venezuelan Mining Industry - Key Fiscal Terms
6.1 Royalty
6.2 Depreciation
6.3 Corporate Tax
6.4 Capital Gains Tax
6.5 Withholding Tax
6.6 Loss Carry Forward
6.7 Value Added Tax (VAT)
7 Appendix
7.1 What is this Report About?
7.2 Methodology
7.3 Secondary Research
7.4 Primary Research
7.5 Contact Timetric
7.6 About Timetric
7.7 Timetric's Services
7.8 Disclaimer


List of Tables
Table 1: The Mining Industry in Venezuela - Fiscal Regime Terms and Other Taxes, 2014
Table 2: The Mining Industry in Venezuela - Corporate Income Tax (%), 2014
Table 3: The Mining Industry in Venezuela - Withholding Tax (%), 2014