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Synopsis
Timetric's Iranian fiscal regime report covers the governing bodies, laws and tax-related information on six commodities: coal, iron ore, copper, zinc, lead and chromium.
Summary
Timetric's fiscal regime report covers Iran, which has significant mineral deposits of coal and iron ore. The Ministry of Industries, Mines and Trade is the primary body governing Iran's mining industry. The Mining Act of the Islamic Republic of Iran deals with all matters related to the prospecting, exploration and exploitation of minerals.
Scope
The report outlines governing bodies, laws and key fiscal terms which includes royalty, corporate tax, capital gains tax, depreciation, loss carry forward, tax on foreign companies, value added tax (VAT), tax exemption, transfer tax, withholding tax.
Reasons To Buy
To gain an overview of Iran's mining fiscal regime
Key Highlights
• The Ministry of Industries, Mines and Trade's responsibility includes policy support, operational planning, supervision, monitoring and addressing major issues for the industrial, mining and trade sectors.
• The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is a state-owned holding company which aims to establish and support companies to progress in the industrial sector and gain competitive advantage in international markets
• The Geological Survey of Iran is responsible for the exploration and evaluation of mineral resources, and geological studies in the country
• Mining Act covers all matters related to the prospecting, exploration and exploitation of minerals. This is the legislative code that governs mining activity in Iran