Albany, NY -- (SBWIRE) -- 09/18/2014 -- Synopsis

Timetric's Jamaican fiscal regime report covers the governing bodies, laws, licenses and tax-related information on one commodity: bauxite

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Executive summary

The Mines and Geology Division under the Ministry of Science, Technology, Energy and Mining (MSTEM) is the main authority responsible for executing activities related to the mining portfolio. The mining sector is governed by various enactments, some of which are specific to the material being mined. The Natural Resources Conservation Authority Act issues environmental permit required for mining and also performs various functions in respect to natural resources and to protect environment.

Scope

The report outlines Jamaica’s governing bodies, laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain Tax, Depreciation, Withholding Tax, Loss Carry Forward, General consumption Tax, CGT.

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Reasons to buy

Gain an overview of Jamaica's mining fiscal regime.

Key highlights

The Ministry of Science, Technology, Energy and Mining (MSTEM) is responsible for the benefits all the Jamaicans through focusing on metals and mineral sectors.
The Ministry’s Mines and Geology Division has primary responsibility for executing activities related to the mining portfolio.
Natural Resources Conservation Authority Act issues environmental permit required for mining and performs certain function in respect to natural resources and to protect environment.

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