Naperville, IL -- (SBWIRE) -- 08/21/2014 -- Reportstack, provider of premium market research reports announces the addition of Namibias Mining Fiscal Regime: H1 2014 market report to its offering.
The mining industry in Namibia is governed by the Ministry of Mines and Energy (MME) and the Ministry of Environment and Tourism (MET). The Directorate of Mines, a part of MME, is responsible for the promotion of the exploitation of Namibia's mineral resources, as well as the integration of the mining industry into the rest of the economy.
The Mineral (Prospecting and Mining) Act, 1992, Environmental Management Act, 2007, and Diamond Act, 1999, are the main acts that consolidate and amend laws related to mining and minerals.
The report outlines Namibians governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gains Tax, Branch Profit Tax, Withholding Tax, Loss Carry Forward and Value Added Tax, VAT.
Reasons to Buy
Gain an overview of Namibia's mining fiscal regime.
The MME is the custodian of minerals and energy resources in Namibia. It facilitates and regulates the development and sustainable utilization of resources in the interests of Namibian welfare.
The Directorate of Mines forming a part of MME is responsible to promote the optimal exploitation of Namibia's mineral resources and integrate the mining industry with other sectors of the economy for the socio-economic development of the country.
The Ministry of Environment and Tourism (MET) was established in 1990 and is responsible for protecting environmental resources of the country.
The Minerals (Prospecting and Mining) Act 1992 law governs and controls all mining activities in Namibia.
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