Albany, NY -- (SBWIRE) -- 09/17/2014 -- 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.

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http://www.researchmoz.us/venezuelas-mining-fiscal-regime-h1-2014-report.html

Executive summary:

The country’s mining industry is governed by the Ministry of Popular Power for Oil and Mining (Ministerio del Poder Popular de Petróleo y Minería) 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.

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Reasons 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.

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