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Colombia’s Mining Fiscal Regime: H2 2015

Colombia’s Mining Fiscal Regime: H2 2015

Synopsis

Timetric’s Colombian fiscal regime report outlines the governing bodies, governing law, mining concessions and tax-related information on five commodities: iron ore, copper, gold, nickel and coal

Summary

The Ministry of Mines and Energy regulates mining activity in accordance with laws issued by the government. Timetric's fiscal regime report covers Colombia where the Mining Code (Law 685), issued in 2001, is the main law for the mining industry . Its main objective is to promote the public interest regarding the technical exploration and exploitation of mineral resources, both of state and private property.Scope

The report outlines the governing bodies, governing law, mining concessions and key fiscal terms which includes royalty, surface fee, corporate income tax, capital gains tax, corporate income tax for equality, depreciation, loss carry forward and value added tax (VAT)Reasons To Buy

To gain an overview of Colombia’s mining fiscal regime

Key Highlights

  • El Ministerio de Minas y Energía (the Ministry of Mines and Energy) regulates mining activity according to the laws issued by the government of Colombia.
  • The Colombian Geological Service conducts basic scientific research to generate comprehensive geo-scientific knowledge of country.
  • The Mining Code (Law 685) issued in 2001 is the main law for mining industry in Colombia.


  • EXECUTIVE SUMMARY
    • Table The Mining Industry in Colombia - Fiscal Regime Terms and Other Taxes 2015
  • THE COLOMBIAN MINING INDUSTRY - GOVERNING BODIES
    • Ministry of Mines and Energy
      • Colombian Geological Service
  • THE COLOMBIAN MINING INDUSTRY - GOVERNING LAW AND MINING CONCESSION
    • Mining Code (Law 685)
    • Mining Concession
      • Concession Agreement
      • Obligations
      • Termination and Cancellation of Rights
  • THE COLOMBIAN MINING INDUSTRY - KEY FISCAL TERMS
    • Royalty
      • Table The Mining Industry in Colombia - Royalty Rate (%), 2015
    • Surface Fee
    • Corporate Income Tax
    • Capital Gains Tax
    • Corporate Income Tax for Equality (CREE)
    • Depreciation
      • Table The Mining Industry in Colombia - Depreciation Years, 2015
    • Loss Carry Forward
    • Value Added Tax (VAT)
  • THE COLOMBIAN MINING INDUSTRY- FUTURE DEVELOPMENT
  • APPENDIX
    • Abbreviations
    • Secondary Research
    • Primary Research
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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