Albany, NY -- (SBWIRE) -- 05/14/2015 -- Synopsis

Finnish fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information on 10 commodities: iron ore, copper, zinc, gold, silver, nickel, chromium, lead, uranium and platinum.

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Executive summary

Finland has a variety of mineral resources, such as nickel, chromite, iron ore, copper, lead, gold, and zinc. The Timetric report covers the country's mining industry which is governed by the Geological Survey of Finland (GTK) and the Finnish Safety and Chemicals Agency (Tukes). The Mining Act and Environmental Protection Act are the main laws regulating the mining industry.

Scope

The report outlines the governing bodies, laws, licenses, rights, obligations and key fiscal terms which includes corporate income tax, loss carry forward, depreciation, fees and charges, real property tax, withholding tax and value added tax (VAT)

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Reasons to buy

Gain an overview of Finland's mining fiscal regime.

Key highlights

The Geological Survey of Finland (GTK) is an authoritative agency under the Ministry of Employment and the Economy (MEE) for mining activity in Finland

The Finnish Safety and Chemicals Agency (Tukes) is the main authority for supervising mining activity in Finland.

The Mining Act (621/2011) promotes mining activity, organize sustainable exploration, ensure mine safety, and reduce and combat activities that adversely affect safety

The Environmental Protection Act 4.2.2000/86 ensures the protection, elimination, and reduction of damage caused by pollution in Finland

Table of Contents

1 Executive Summary

2 The Finnish Mining Industry – Governing Bodies
2.1 Geological Survey of Finland (GTK)
2.2 Finnish Safety and Chemicals Agency (Tukes)

3 The Finnish Mining Industry – Governing Laws
3.1 The Mining Act
3.2 Environmental Protection Act

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4 The Finnish Mining Industry – Mining Licenses/Permits and Compensation
4.1 Exploration Permit
4.1.1 Duration
4.1.2 Area
4.2 Annual Compensation – Gold Mining
4.3 Mining Permit
4.3.1 Duration

5 The Finnish Mining Industry – Permit Holder Obligations, Compensations and Collateral
5.1 Obligations
5.2 Compensations and Collateral
5.3 Annual Compensation – Gold Mining
5.3.1 Claim compensation
5.3.2 Gold panning compensation
5.3.3 Mining concession area fee

6 The Finnish Mining Industry – Key Fiscal Terms
6.1 Fees and Charges
6.2 Corporate Income Tax
6.3 Loss Carry Forward
6.4 Depreciation
6.5 Real Property Tax
6.6 Withholding Tax
6.7 Value Added Tax

7 Appendix
7.1 Abbreviations
7.2 Methodology
7.3 Secondary Research
7.4 Primary Research
7.5 Contact Timetric
7.6 About Timetric
7.7 Timetric's Services
7.8 Disclaimer

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