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Finland's Mining Fiscal Regime: H2 2015

  • December 2015
  • -
  • Global Data
  • -
  • 13 pages

Synopsis
Timetric’s Finnish fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on 10 commodities: iron ore, copper, zinc, gold, silver, nickel, chromium, lead, uranium and platinum

Summary
Timetric's fiscal regime report covers Finland, which has a variety of mineral resources, such as nickel, chromite, iron ore, copper, lead, gold, and zinc. The country’s mining industry is governed by the Geological Survey of Finland (GTK) and the Finnish Safety and Chemicals Agency (Tukes). The Mining Act and Environmental Protection Act are the main laws regulating the mining industry.

Scope
The report outlines the governing bodies, laws, licenses, obligations and key fiscal terms which includes corporate income tax, fees and charges, loss carry forward, depreciation, real property tax, withholding tax and value added tax (VAT)

Reasons To Buy
Gain an overview of Finland's mining fiscal regime.

Key Highlights
- The Geological Survey of Finland (GTK) is an agency under the Ministry of Employment and the Economy (MEE) for mining activity in Finland.

- The Finnish Safety and Chemicals Agency (Tukes) is the main authority for supervising mining activity in Finland.

- The Mining Act (621/2011) came into force on July 1, 2011. Its purpose is to promote mining activity, organize sustainable exploration, and ensure mine safety

Table Of Contents

Finland's Mining Fiscal Regime: H2 2015
Table of Contents
1 Executive Summary
2 The Finnish Mining Industry - Governing Bodies
2.1 Geological Survey of Finland (GTK)
2.2 Finnish Safety and Chemicals Agency (Tukes)
3 The Finnish Mining Industry - Governing Laws
3.1 The Mining Act
3.2 Environmental Protection Act
4 The Finnish Mining Industry - Mining Licenses/Permits and Compensation
4.1 Exploration Permit
4.1.1 Duration
4.1.2 Area
4.2 Annual Compensation - Gold Mining
4.3 Mining Permit
4.3.1 Duration
5 The Finnish Mining Industry - Permit Holder Obligations, Compensations and Collateral
5.1 Obligations
5.2 Compensations and Collateral
5.3 Annual Compensation - Gold Mining
5.3.1 Claim compensation
5.3.2 Gold panning compensation
5.3.3 Mining concession area fee
6 The Finnish Mining Industry - Key Fiscal Terms
6.1 Fees and Charges
6.2 Corporate Income Tax
6.3 Loss Carry Forward
6.4 Depreciation
6.5 Real Property Tax
6.6 Withholding Tax
6.7 Value Added Tax
7 Appendix
7.1 Abbreviations 11
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 Finland - Fiscal Regime Terms and Other Taxes (%), 2015
Table 2: The Mining Industry in Finland - Fees and Charges (EUR), 2015

List of Figures
Figure 1: The Mining Industry in Finland - Commodity Mines at Different Stages (Number of Mines), 2015

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