Naperville, IL -- (SBWIRE) -- 06/06/2014 -- Reportstack, provider of premium market research reports announces the addition of Turkey's Mining Fiscal Regime: H1 2014 market report to its offering
The country's mining industry is governed by the Ministry of Energy and Mineral Resources. Mining Law No. 3213 of 1985, amended by Law No. 5177 of June 2004, provides both local and foreign investors with a more investment-friendly environment.
The report outlines Turkey's governing bodies, governing laws, mine ownership and licenses, rights and obligations and key fiscal terms which includes royalty, corporate tax, capital gains tax, loss carry forward, property tax, withholding tax, tax incentives, stamp duty, motor vehicle tax, depreciation tax and VAT.
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To get an overview of Turkey's mining fiscal regime.
The country's mining industry is governed by the Ministry of Energy and Mineral Resources.
Mining Law No. 3213 of 1985, amended by Law No. 5177 of June 2004, provides both local and foreign investors with a more investment-friendly environment.
The Ministry of Energy and Natural Resources is responsible for streamlining the use of energy and mineral resources to reduce Turkey's dependency on external sources and to make the greatest contribution to the country's welfare.
Under Turkey's mining regime, underground resources come under state ownership and disposition. According to the regime established by the mining legislation, the state has the right to explore mineral resources and supervise mining individuals or mining companies for specific periods by issuing licenses, subject to royalty payments made.
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