Russia’s Mining Fiscal Regime H2 2014: Iron Ore, Copper, Gold, Silver, Nickel, Zinc, Coal and Bauxite

Synopsis:

Timetric’s Russia's fiscal regime report outlines the governing bodies, governing laws, business licenses, rights and obligations and tax-related information on eight commodities: iron ore, copper, gold, silver, nickel, zinc, coal and bauxite.

Executive Summary :

Russia has a range of natural resources, including oil fields, coal deposits and many strategic minerals. The mining industry in Russia is governed by the Ministry of Natural Resources and Environment of the Russian Federation, and the Federal Agency on Mineral Resources. The Subsoil Law is the main law for regulating mining activities in the country.

Access full details at:http://www.reportscue.com/russias-mining-fiscal-regime-h2-2014-market

Scope :

The report outlines Russia's governing bodies, governing laws, business licenses, rights and obligations and tax-related information which includes one time payment, severance tax, corporate income tax, transport tax, property tax. local taxes, depreciation, tax incentives, withholding tax, loss carry forward and VAT.

Key Highlights :

• The Ministry of Energy is a federal executive body responsible for drafting and implementing government policy and legal regulation in sectors including oil and fuel, electric power, renewable energy and hydrocarbons.

• The Federal Agency for Mineral Resources is a federal body of executive authority responsible for providing state services, managing state property, and legal regulation in the sphere of subsoil.

• The Ministry of Natural Resources and Environment of the Russian Federation is a federal executive body responsible for formulating government policy and legal regulation in the field of the exploration, use, reproduction and protection of natural resources.

• The Subsoil Law is the main law in the mining industry, providing all relevant laws and regulations regarding subsoil use in the Russian Federation. Other regional laws on subsoil also apply to the mining industry.

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