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reducing tax liability in the mining industry


Publication 535 (2016), Business Expenses

A production payment carved out of, or retained on the sale of, mineral .... used in connection with mineral property, reduce any allowable deduction for mining ..... in the seller's tax liability because of the repeal of percentage depletion for gas.


relate to the mining sector: the role of tax in companies' investment decisions; the optimum level of ... taxes or reduce the tax payable by investing in additional.

ImprovingSouth Africa's mining revenues and ... - Oxfam America

... tax incentives given to mining companies, the effect is to reduce revenues to the state. ... offsetting them against tax liability – common practice in most mining...

Corporate income taxes, mining royalties and other mining ... - PwC

ways to raise tax revenue from the mining industry. National corporate ... has proposed to reduce the federal income tax rate in fiscal year 2013 and 2014. In Brazil, there has .... determining the mining royalty payable to the government. Further...

Guidance Note on the Tax Treatment of Decommissioning for the ...

Oct 12, 2016 ... Table 1 - Responsibilities for, and liability obligations in relation to ... The two main extractive industries are mining and oil & gas; within each of these .... mines, decommissioning work may be significantly less due to lower...

Corporate Tax Rates 2017 - Deloitte

Corporate income tax rate of 10% applies, although reduction of 80% possible for certain ... levied on cash income where corporate income tax liability is less than XOF. 200,000. ... 12.5% surtax applies to mining companies and banks.

Financial reporting in the mining industry - PwC

facing mining companies is unlikely to be available for some ... Taxation and royalties. 79 ... an increased focus on mine closure liabilities, including environmental and restoration liabilities. ..... lower of their previous carrying amount and fair.

The Tax Treatment of the Mining Sector: An IMF ... - World Bank Group

mining sector requires a sector specific taxation regime. .... country. This provides fertile ground for attempts at minimizing the overall tax liability through.

A Guide to Canadian Mining Taxation - KPMG

mining industry with their own policies, regulations and taxes. When mining is in a ..... Tax credits for intangible expenses reduce the tax liability of corporations...

Revenue losses owing to tax incentives in the mining sector ...

exemption from a tax liability offered as an ... presence of these tax incentives has enabled mining companies to effectively ... A reduced rate of stamp duty, at 0.3.