The Department of Mineral Resources, Energy
and Environment is the main governing body for policy guidance and direction on
all matters concerning Malawi’s natural resources, energy, and environmental
management. The Department of Mines, which comes under the Ministry of Natural
Resources, Energy and Environment, is responsible for the development of the
mining industry, as well as the creation of a sustainable mining environment.
The Mines and Mineral Act 1981 is the apex governing law for Malawi’s mining
industry.
Malawian fiscal regime report covers the
governing bodies, law, licenses and tax-related information on two commodities:
coal and uranium.
Scope
The report outlines Malawi’s governing
bodies, governing laws, licenses and key fiscal terms which includes Royalty,
Corporate Income Tax, Capital Gains Tax, , Loss Carry Forward, Depreciation,
Withholding Tax, Tax Incentives and Value Added Tax, VAT.
Reasons
to Buy
To get an overview of Malawi's mining fiscal
regime.
Key
Highlights
- The Ministry of Natural Resources, Energy and Environment is the main body responsible for regulating mining in Malawi.
- The Department of Mines was established with an aim to provide development of the mining industry, and to create a sustainable mining environment.
- The Mines and Mineral Act 1981 include the main laws for mining regulations in Malawi. The Act makes provisions with respect to searching for mining minerals, repealing the mining act and certain others, and provides for matters connected thereto.
Spanning over 14 pages, “Malawi’s Mining Fiscal Regime: H1 2014” report
covering The Malawian Mining Industry – Governing Bodies, The Malawian Mining
Industry – Governing Law and Licenses, The Malawian Mining Industry – Key
Fiscal Terms, Appendix.
For more information see - http://mrr.cm/Z7G
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