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Venezuela’s Mining Fiscal Regime: H2 2015

  • September 2015
  • 13 pages
  • GlobalData
Report ID: 2371539

Summary

Table of Contents

Venezuela’s Mining Fiscal Regime: H2 2015

Summary

GlobalData's fiscal regime report covers Venezuela which is rich with mineral resources such as natural gas, iron ore, gold, coal and other minerals. 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 Ecosocialism and Water (Ministerio del Poder Popular para el Ambiente). The Mining Law (Decree No. 295 of September 5, 1999) is the main law that governs and regulates these activities in the country.

Scope

- The report outlines the governing bodies, governing laws, ownership and licensing types, mining rights and key fiscal terms which includes royalty, corporate tax, capital gains tax, loss carry forward and value added tax(VAT)

Reasons to buy

- Gain an overview of Venezuela’s mining fiscal regime

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