Submitted by: Submitted by prashantkolekar
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Words: 463
Pages: 2
Category: Business and Industry
Date Submitted: 09/14/2014 11:18 PM
Guyanas, Venezuelas, Surinames, Jamaicas and Colombias fiscal regime report covers the governing bodies, law, licenses, rights and obligations and tax-related information on two commodities: bauxite and gold.
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Executive summary
The country’s mining industry is governed by the Ministry of Natural Resources and Environment, and the agencies working under it. The Guyanas, Venezuelas, Surinames, Jamaicas and Colombias Geology and Mines Commission (GGMC) oversee the mining industry and has implemented modern mining practices and codes of operation. The Mining Act No.20 of 1989 is the main regulating law for mining in the country.
Scope
The report outlines Guyanas, Venezuelas, Surinames, Jamaicas and Colombias governing bodies, governing law, licenses, rights and obligations and key fiscal terms which includes Relinquish of Prospecting Area, Royalty, Corporate Income Tax, Capital Gain Tax, Branch Profit Tax, Withholding Tax, Depreciation, Loss Carry Forward, Value Added Tax, VAT.
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Reasons to buy
Gain an overview of Guyanas, Venezuelas, Surinames, Jamaicas and Colombias mining fiscal regime.
Key highlights
The Ministry of Natural Resources and Environment is the main body responsible for forestry, mining, environmental management, wildlife, protected areas, land use planning and coordination, and climate change.
The Guyanas, Venezuelas, Surinames, Jamaicas and Colombias Geology and Mines Commission (GGMC) came into force in 1979 support sustainable development through its activities in the mineral sector.
The Environmental Protection Agency aims to take all necessary measures to ensure the prevention and control of pollution, to assess the impact of economic development on the...