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Albany, NY -- (SBWIRE) -- 04/23/2015 -- Synopsis
New Zealand fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information for three commodities: coal, iron ore and gold
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New Zealand has a range of minerals that contribute to the construction, energy and transport sectors of its economy, such as coal, gold, silver, iron sand and other mineral resources. The country's mining industry is governed by the Ministry of Business, Innovation and Employment (MBIE), and by its branch New Zealand Petroleum and Mineral (NZP&M), which is responsible for managing the New Zealand Government's oil, gas, mineral and coal resources, known as the Crown Mineral Estate. The Crown Mineral Act 1991 is the apex law regulating policy for prospecting, exploration and mining of Crown-owned minerals in New Zealand
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The report outlines the governing bodies, laws, licenses, rights, obligations and key fiscal terms which includes royalty, corporate income tax, capital gains tax, withholding tax, depreciation, loss carry forward, goods and service tax (GST).
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Gain an overview of New Zealand's mining fiscal regime.
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Ministry of Business, Innovation and Employment plays an important role in shaping and delivering a strong economy for New Zealand.
New Zealand Petroleum and Mineral manages the New Zealand Government's oil, gas, mineral and coal resources, known as the Crown Mineral Estate.
The Crown Mineral Act 1991 regulates policy for the prospecting, exploration and mining of Crown-owned minerals in New Zealand.
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