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Turkey’s Mining Fiscal Regime: H2 2015

Turkey’s Mining Fiscal Regime: H2 2015

Synopsis

Timetric’s Turkish fiscal regime report provides information on governing bodies, laws, licenses, rights, obligations, and tax-related information on 10 commodities: iron ore, coal, copper, zinc, gold, silver, nickel, chromium, lead and uranium

Summary

Timetric's fiscal regime report covers Turkey which has a variety of mineral resources, including iron ore, copper, nickel, cobalt, and gold. The country’s mining industry is governed by the Ministry of Energy and Mineral Resources. Mining Law No. 3213 of 1985, amended by Law No. 5995 of June 2004, provides both local and foreign investors with a more investment-friendly environment.Scope



    The report outlines the governing bodies, laws, licenses, rights, obligations, and key fiscal terms which includes royalty rates, corporate tax, loss carry forward, property tax, withholding tax, stamp duty, motor vehicle tax, depreciation
Reasons To Buy
    Gain an overview of Turkey’s mining fiscal regime
Key Highlights
  • The Ministry of Energy and Natural Resources (MENR) is responsible for streamlining the use of energy and mineral resources to reduce Turkey’s dependency on external sources and maximize its contribution to the country’s welfare.
  • The General Directorate of Mining Affairs (MIGEM), a unit under the MENR, is responsible for regulating mining affairs in Turkey.
  • Turkey’s mining regime is governed by the Mining Law No. 3213 of 1985, amended by Law No. 5995 of June 2010.


  • EXECUTIVE SUMMARY
    • Table The Mining Industry in Turkey - Fiscal Regime Terms and Other Taxes 2015
  • THE TURKISH MINING INDUSTRY - GOVERNING BODIES
    • Ministry of Energy and Natural Resources (MENR)
      • General Directorate of Mining Affairs (MIGEM)
  • THE TURKISH MINING INDUSTRY - GOVERNING LAW
  • THE TURKISH MINING INDUSTRY - OWNERSHIP AND LICENSE TYPES
    • Ownership of Minerals
    • Mining License
    • Exploration License/Certificate
    • Operation License
    • Operation Permit
  • THE TURKISH MINING INDUSTRY - RIGHTS AND OBLIGATIONS
    • Rights
      • Mining rights
      • Transfer of mining rights
      • Surface rights
      • Discovery rights
      • Rights of easement and usufruct expropriation
    • Obligations
      • Exploration and operation license
      • Operation permit
      • Mining areas
      • Production and dispatch
  • THE TURKISH MINING INDUSTRY - KEY FISCAL TERMS
    • Royalty Rates
    • Corporate Tax
    • Loss Carry Forward
    • Property Tax
    • Withholding Tax
      • Table The Mining Industry in Turkey - Withholding Tax Rates (%), 2015
    • Stamp Duty
    • Motor Vehicle Tax
    • Depreciation
      • Table The Mining Industry in Turkey - Depreciation Tax Rates (%), 2015
  • APPENDIX
    • Abbreviations
    • Secondary Research
    • Primary Research
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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