Timetric’s Venezuelan fiscal regime report outlines governing bodies, governing laws, ownership and licensing types, mining rights and tax-related information for the commodities of gold, iron ore and coal
Timetric's fiscal regime report covers Venezuela which is rich with mineral resources such as natural gas, iron ore, gold, coal and other minerals. The country’s mining industry is governed by the Ministry of Popular Power for Oil and Mining (Ministerio del Poder Popular de Petróleo y Minería) and the Ministry of Popular Power for Ecosocialism and Water (Ministerio del Poder Popular para el Ambiente). The Mining Law (Decree No. 295 of September 5, 1999) is the main law that governs and regulates these activities in the country.
The report outlines the governing bodies, governing laws, ownership and licensing types, mining rights and key fiscal terms which includes royalty, corporate tax, capital gains tax, loss carry forward and value added tax(VAT)Reasons To Buy
Gain an overview of Venezuela’s mining fiscal regime
The Ministry of Popular Power for Oil and Mining came into existence on January 20, 2005. It is the main regulatory authority for all petroleum and mining-related operations.
The Mining Law (Decree No. 295 of September 5, 1999) is the law which governs and regulates activities related to the mining industry in Venezuela.
The General Regulation of the Mining Law (Decree No. 1234 of March 9, 2001) formulates terms, conditions, and administrative measures in support of Decree No. 295