Synopsis
Timetric's Turkey's fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on 11 commodities: iron ore, coal, copper, zinc, gold, silver, nickel, chromium, bauxite, lead and uranium.
Summary
Turkey 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.
Timetric's Turkey's fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on 11 commodities: iron ore, coal, copper, zinc, gold, silver, nickel, chromium, bauxite, lead and uranium.
Summary
Turkey 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.
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Scope
The report outlines Turkey's governing bodies, laws, licenses, rights, obligations and tax-related information which includes Duties and Security Deposits (Guarantee Fees), royalty rates, Corporate Tax, capital gain tax, loss carry forward, property tax, withholding tax, tax incentives, stamp duty, motor vehicle tax, depreciation and value added tax (Vat).
Reason To Buy
Gain an overview of Turkey's mining fiscal regime.
Key Highlights
The Ministry of Energy and Natural Resources (MENR) was formed in December 25, 1963 and 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 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.
Under Turkey's mining regime, underground
resources fall under state ownership and disposition.
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