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Namibia’s Mining Fiscal Regime: H2 2015

Namibia’s Mining Fiscal Regime: H2 2015

Synopsis

Timetric’s Namibian fiscal regime report outlines governing bodies, governing laws, licenses, rights and obligations and tax-related information on seven commodities: copper, zinc, gold, manganese, diamond, iron ore and uranium.

Summary

Timetric's FR report covers Namibia which has large deposits of chrome, gold, nickel, diamonds and platinum, among other minerals. The mining industry in Namibia is governed by the Ministry of Mines and Energy (MME) and the Ministry of Environment and Tourism (MET). The Directorate of Mines, part of the MME, is responsible for the promotion of the exploitation of Namibia's mineral resources, and the integration of the mining industry into the rest of the economy.

Scope

The report outlines governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes royalty, corporate tax, capital gain tax, withholding tax, land tax, loss carry forward and value added tax (VAT)Reasons To Buy

To gain an overview of Namibia’s mining fiscal regime

Key Highlights

  • The Ministry of Mines and Energy is responsible for attracting investment in resource development and exploration.
  • The Ministry of Environment and Tourism is responsible for protecting the country’s environmental resources.
  • The Minerals (Prospecting and Mining) Act 1992 law governs and controls all mining activities in Namibia
  • The Environment Management Act, 2007 was established to promote the sustainable development and use of natural resources in the country


  • EXECUTIVE SUMMARY
    • Table The Mining Industry in Namibia - Fiscal Regime Terms and Other Taxes (%), 2015
  • THE NAMIBIAN MINING INDUSTRY - GOVERNING BODIES
    • Ministry of Mines and Energy (MME)
    • Ministry of Environment and Tourism (MET)
  • THE NAMIBIAN MINING INDUSTRY - GOVERNING LAWS
    • Mineral (Prospecting and Mining) Act, 1992 (Act No.33 of 1992)
    • Environment Management Act, 2007
    • Diamond Act, 1999
  • THE NAMIBIAN MINING INDUSTRY - LICENSES
    • Reconnaissance License
      • Rights
      • Duration
    • Non-Exclusive Prospecting Licenses
      • Rights
      • Obligations
      • Duration
    • Exclusive Prospecting Licenses
      • Rights
      • Obligations
      • Duration
    • Mining License
      • Rights
      • Obligation
      • Duration
    • Mining Claim
      • Rights
      • Obligation
      • Duration
  • THE NAMIBIAN MINING INDUSTRY - KEY FISCAL TERMS
    • Royalty
    • Corporate Income Tax
    • Capital Gains Tax
    • Land Tax
    • Withholding Taxes
    • Loss Carry Forward
    • Value Added Tax (VAT)
  • THE NAMIBIAN MINING INDUSTRY - FUTURE DEVELOPMENT
  • APPENDIX
    • Abbreviations
    • Secondary Research
    • Primary Research
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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