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Jamaica’s Mining Fiscal Regime: H2 2015

Jamaica’s Mining Fiscal Regime: H2 2015

Synopsis

Timetric’s Jamaican fiscal regime report outlines the governing bodies, laws, licenses and tax-related information on one commodity: bauxite

Summary

Jamaica has a few natural resources, including bauxite, gypsum and limestone. Bauxite-alumina is the main contributor to the country’s foreign trade. Timetric's fiscal regime report covers Jamaica, where the Mines and Geology Division, under the Ministry of Science, Technology, Energy and Mining (MSTEM), is the main authority responsible for executing activity related to mining.Scope

The report outlines the governing bodies, laws, licenses and key fiscal terms which includes royalty, corporate income tax, depreciation, withholding tax, loss carry forward, general consumption tax and minimum business taxReasons To Buy

To gain an overview of Jamaica’s mining fiscal regime

Key Highlights

  • The Ministry of Science, Technology, Energy and Mining (MSTEM) is responsible for ensuring the benefit of all Jamaicans.
  • The National Environment and Planning focuses on pollution prevention and control, and ensures compliance with environmental requirement and planning.
  • Natural Resources Conservation Authority Act issues environmental permits required for mining.


  • EXECUTIVE SUMMARY
    • Table The Mining Industry in Jamaica - Fiscal Regime Terms and Other Taxes, 2015
  • THE JAMAICAN MINING INDUSTRY - GOVERNING BODIES
    • Ministry of Science, Technology, Energy and Mining (MSTEM)
    • National Environment and Planning Agency
  • THE JAMAICAN MINING INDUSTRY - GOVERNING LAWS AND MINING RIGHTS
    • Natural Resources Conservation Authority Act
    • Mining Rights
      • Prospecting rights
      • Exclusive Prospecting License
      • Special Mining lease
      • Special Exclusive Prospecting License (SEPL)
    • Mining License attributes
      • Transfer of mining lease and exploration license
      • Surrender of mining lease and exploration license
      • Revocation of mining lease and exploration license
  • THE JAMAICAN MINING INDUSTRY - KEY FISCAL TERMS
    • Royalty
    • Corporate Income Tax
    • Depreciation
      • Table The Mining Industry in Jamaica - Depreciation (%), 2015
    • Withholding Tax
    • Loss Carry Forward
    • General Consumption Tax (GCT)
    • Minimum Business Tax (MBT)
  • APPENDIX
    • Abbreviations
    • Secondary Research
    • Primary Research
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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