Timetric's Philippine fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on seven commodities: iron ore, coal, copper, zinc, gold, nickel and chromium.
Timetric's fiscal regime report covers The Philippines which has variety of mineral resources, including copper, nickel, cobalt, and gold. Deposits are categorized into metals and non-metals.
The mining industry is governed by the Department of Environment and Natural Resources (DENR), and the Mines and Geosciences Bureau. The Philippine Mining Act of 1995 is the apex governing law for the country’s mining industry.Scope
The report outlines the governing bodies, laws, licenses, rights, obligations, and key fiscal terms which include royalty, excise tax, corporate income tax, capital gains tax, withholding tax, optional standard deductions, depreciation, loss carry forward and value added tax (VAT)Reasons To Buy
Gain an overview of the Philippines' mining fiscal regime.
The DENR is the main governing body for mineral resources in the Philippines.
The Land Management Bureau provides long- and medium-term strategic plans for the land sector, and monitoring and evaluation tools to ensure the achievement of goals.
The Philippine Mining Act of 1995 (RA 7942) is the main law governing the exploration, development, utilization and processing of mineral resources. It establishes state ownership of all mineral resources.