Mauritania’s Mining Fiscal Regime: H1 2014, New Report Launched

The mining industry in Mauritania is governed by the Ministry of Industry and Mines and the Department of Mines and Geology (DGM), which is responsible for the development of the mining sector in Mauritania. Mining code no.99/013 is the main governing law for mining in the country.

Publisher's Mauritanian fiscal regime report covers the governing bodies, laws, licenses and tax-related information on 3 commodities: iron ore, copper and gold.

Scope

The report outlines Mauritania’s governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain Tax, Remunerative Fees, Surface Fees, Withholding Tax Depreciation Rates, Depreciation and Value Added Tax, VAT.

Key Highlights

• The Ministry of Industry and Mines contributes for the development and implementation of policies in the industrial and mining sectors. The ministry is also responsible for promoting exploration and geological and mining research.
• The Department of Mines and Geology (DGM), formed in 1968, contributes to the development of the mining sector.
• Mauritania mining laws are governed by mining code no.99/013, enforced by the government to streamline the procedure and process of mining.
• The main purpose of the New Model Mining Convention Law is to provide a standard model mining convention based on the current mining code created by law No. 2008-011 (the “Mining Code’’) which will serve a basis for negotiations between Mauritanian State and the relevant investor(s).
• The Mining Code Amendment contains in particular new royalty rates. It also sets a specific taxation regime for capital gains arising from the transfer of exploitation licenses.

Spanning over 15 pages, 6 Tables and 1 Figures “Mauritania’s Mining Fiscal Regime: H1 2014” report covering Executive Summary, The Mauritanian Mining Industry – Governing Bodies, The Mauritanian Mining Industry – Governing Laws, The Mauritanian Mining Industry – Licensing Types, The Mauritanian Mining Industry – Key Fiscal Terms, Appendix.

Know more about this report at : http://mrr.cm/Zn9