Boston, MA -- (SBWIRE) -- 08/08/2014 -- The Ministry of Industries and Mines is the primary body for governing Iran's mining industry and oversees the Mining Act of the Islamic Republic of Iran, which deals with all matters related to the prospecting, exploration and exploitation of minerals.

Report Highlights

- The Ministry of Industries and Mines is the agency of the Iranian government responsible for the formulation, regulation and implementation of policies applicable to the industrial and mining sectors.
- The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is a state-owned holding company, established with the objective of investigating, formulating and carrying out plans for the advancement, growth, and overhaul of metallurgy production, and mineral exploitation and processing.
- All matters related to the prospecting, exploration and exploitation of minerals are covered under the framework of the Mining Act.

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Report Scope

The report outlines Iran's governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Tax, Capital Gains Tax, Depreciation Rates, Loss Carry Forward, Tax on foreign companies and Value Added Tax, VAT.

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