Deerfield Beach, FL -- (SBWIRE) -- 01/13/2016 -- Synopsis

Botswanan fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information covering five main commodities: coal, copper, silver, nickel and diamond.

Summary

Timetric's fiscal regime report covers Botswana which has an abundance of mineral resources such as diamonds, copper, nickel and silver. The mining industry in Botswana is governed by the Ministry of Mineral, Energy and Water Resources (MMEWR), and sub-departments such as the Department of Geological Survey (DGS), the Department of Water Affairs (DWA) and the Department of Mines (DoM).

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Scope

The report outlines the governing bodies, laws, licenses, rights, obligations and key fiscal terms which includes royalty, license fees, corporate income tax, capital gains tax, withholding tax, capital allowance, loss carry forward and value added tax(VAT)

Reasons To Buy

Gain an overview of Botswana's mining fiscal regime

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Key Highlights

- The Ministry of Minerals, Energy and Water Resources is responsible for formulating national policy on mineral, energy and water resources.

- The Department of Water Affairs is involved in the assessment of plans relating to the development and maintenance of water resources for domestic, agriculture, commercial and industrial use.

- The Mines and Mineral Act, 1999 regulates the mines and minerals sector in Botswana.

- The Unwrought Precious Metals act details the rules for the control of dealings in unwrought precious metals.

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