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Albany, NY -- (SBWire) -- 04/23/2015 --Synopsis

Thai fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations, and tax-related information for five commodities: coal, iron ore, copper, gold and silver.

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Executive summary

Thailand has wide range of mineral resources, with tin, niobium, tantalum, lead, zinc, gold, iron and stibnite the most important metallic minerals. The mining industry is governed by the Ministry of Industry, the Ministry of Natural Resources and Environment and the Ministry of Energy

Scope

The report outlines the governing bodies, laws, licenses, rights, obligations, and key fiscal terms which includes corporate income tax, deductions, withholding tax, remittance tax, depreciation rates, loss carry forward, property tax, tax incentives, and value added tax (VAT).

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Reasons to buy

Gain an overview of Thailand's mining fiscal regime.

Key highlights

The Ministry of Industry controls the execution of the Mineral Act, and has the power to appoint competent officials.
The Ministry of Energy aims to achieve sustainable energy management and it conducts the research and development of energy and cooperates on energy issues internationally.
The Minerals Act BE 2510 (1967), Mineral Royalty Rates Act BE 2509 (1966) and the Environmental Law are the main governing laws of the Thai mining industry.

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Table of Contents

1 Executive Summary

2 The Thai Mining Industry – Governing Bodies
2.1 Ministry of Industry
2.1.1 Department of Primary Industries and Mines (DPIM)
2.2 Ministry of Natural Resources and Environment (MONRE)
2.3 Ministry of Energy

3 The Thai Mining Industry – Governing Laws

4 The Thai Mining Industry – Mining Ownership and Licenses
4.1 Mining Ownership
4.2 Mining Licenses
4.2.1 General Prospecting License (GPL)
4.2.2 Exclusive Prospecting License (EPL)
4.2.3 Special Prospecting License (SPL)

5 The Thai Mining Industry – Mining Rights and Obligations
5.1 Rights
5.1.1 Mining Rights
5.2 Obligations
5.2.1 Purchase of minerals
5.2.2 Transportation and storage of minerals
5.2.3 Environmental
5.2.4 Mining Council membership

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