Researchmoz: the Democratic Republic of the Congos Mining Fiscal Regime: H1 2015

ResearchMoz.us include new market research report " The Democratic Republic of the Congos Mining Fiscal Regime, H1 2015: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Congolese fiscal regime report outlines the governing bodies, governing laws, licenses, rights, obligations and tax-related information on six commodities: iron ore, copper, gold, silver, coal and diamond.

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The Democratic Republic of the Congo has variety of mineral resources including copper, cobalt, zinc, diamonds and colombo-tantalite. Other lesser-mined minerals include cadmium, cassiterite (tin ore), gold, silver, wolframite and uranium. Its mining industry is governed by the Ministry of Mines, with other administrative entities such as the Mines Directorates, Geology Directorate and Mining Environment Protection Directorate intervening. The industry is primarily governed by the Mining Code: Law No 007/2002.

The report outlines the governing bodies, governing laws, licenses, rights, obligations and tax-related information royalty, corporate income tax, property tax, tax on vehicles, depreciation, loss carry forward, withholding tax, exceptional tax on expatriates’ salaries and value added tax (VAT).

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Key highlights:-

The Ministry of Mines formulates government policy related to the mining sector based on the national mining code; the ministry also grants mining and quarry rights and monitors the achievements of different mining activities.

The Directorate of Mines is responsible for inspecting and monitoring mining activities which include health and safety, work practice, production, transport and sales.

The Department in Charge of the Protection of the Mining Environment has the power...