Mauritania’s Mining Fiscal Regime: H1 2014 is a new market research publication announced by Reportstack. The mining industry in Mauritania is governed by the Ministry of Industry and Mines and the Department of Mines and Geology (DGM), which is responsible for the development of the mining sector in Mauritania. Mining code no.99/013 is the main governing law for mining in the country.
Scope
The report outlines Mauritania’s governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain Tax, Remunerative Fees, Surface Fees, Withholding Tax Depreciation Rates, Depreciation and Value Added Tax, VAT.
Reasons to Buy
To gain an overview of Mauritania's mining fiscal regime.
Key Highlights
• The Ministry of Industry and Mines contributes for the development and implementation of policies in the industrial and mining sectors. The ministry is also responsible for promoting exploration and geological and mining research.
• The Department of Mines and Geology (DGM), formed in 1968, contributes to the development of the mining sector.
• Mauritania mining laws are governed by mining code no.99/013, enforced by the government to streamline the procedure and process of mining.
•The main purpose of the New Model Mining Convention Law is to provide a standard model mining convention based on the current mining code created by law No. 2008-011 (the “Mining Code’’) which will serve a basis for negotiations between Mauritanian State and the relevant investor(s).
•The Mining Code Amendment contains in particular new royalty rates. It also sets a specific taxation regime for capital gains arising from the transfer of exploitation licenses.
Scope
The report outlines Mauritania’s governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain Tax, Remunerative Fees, Surface Fees, Withholding Tax Depreciation Rates, Depreciation and Value Added Tax, VAT.
Reasons to Buy
To gain an overview of Mauritania's mining fiscal regime.
Key Highlights
• The Ministry of Industry and Mines contributes for the development and implementation of policies in the industrial and mining sectors. The ministry is also responsible for promoting exploration and geological and mining research.
• The Department of Mines and Geology (DGM), formed in 1968, contributes to the development of the mining sector.
• Mauritania mining laws are governed by mining code no.99/013, enforced by the government to streamline the procedure and process of mining.
•The main purpose of the New Model Mining Convention Law is to provide a standard model mining convention based on the current mining code created by law No. 2008-011 (the “Mining Code’’) which will serve a basis for negotiations between Mauritanian State and the relevant investor(s).
•The Mining Code Amendment contains in particular new royalty rates. It also sets a specific taxation regime for capital gains arising from the transfer of exploitation licenses.
To view the table of contents and know more details please visit Mauritania’s Mining Fiscal Regime: H1 2014.
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