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Synopsis
Timetric's Turkish fiscal regime report provides information on governing bodies, laws, licenses, rights, obligations, and tax-related information on 10 commodities: iron ore, coal, copper, zinc, gold, silver, nickel, chromium, lead and uranium
Summary
Timetric's fiscal regime report covers Turkey which has a variety of mineral resources, including iron ore, copper, nickel, cobalt, and gold. The country's mining industry is governed by the Ministry of Energy and Mineral Resources. Mining Law No. 3213 of 1985, amended by Law No. 5995 of June 2004, provides both local and foreign investors with a more investment-friendly environment.
Scope
The report outlines the governing bodies, laws, licenses, rights, obligations, and key fiscal terms which includes royalty rates, corporate tax, loss carry forward, property tax, withholding tax, stamp duty, motor vehicle tax, depreciation
Reasons To Buy
Gain an overview of Turkey's mining fiscal regime
Key Highlights
- The Ministry of Energy and Natural Resources (MENR) is responsible for streamlining the use of energy and mineral resources to reduce Turkey's dependency on external sources and maximize its contribution to the country's welfare.
- The General Directorate of Mining Affairs (MIGEM), a unit under the MENR, is responsible for regulating mining affairs in Turkey.
- Turkey's mining regime is governed by the Mining Law No. 3213 of 1985, amended by Law No. 5995 of June 2010.