Philippines’ Mining Fiscal Regime: H2 2014

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Main Title
Market Research Report 
Philippines Mining Fiscal Regime H2 2014
reportscue
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Synopsis Timetrics Philippines' fiscal regime
report outlines governing bodies, governing laws,
mining permit and contracts, mining rights and
obligations, and tax-related information on seven
commodities iron ore, coal, copper, zinc, gold,
nickel and chromium. Report Overview The
Philippines has a variety of mineral resources,
including copper, nickel, cobalt, and gold.
Deposits are categorized into metals and
non-metals. The mining industry is governed by
the Department of Environment and Natural
Resources (DENR), and the Mines and Geosciences
Bureau. The Philippine Mining Act of 1995 is the
apex governing law for the countrys mining
industry.
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Scope The report outlines the Philippines'
governing bodies, governing laws, mining permits
and contracts, mining rights and obligations and
key fiscal terms which include royalty, excise
tax, corporate income tax, capital gains tax,
withholding tax, optional standard deductions,
depreciation, loss carry forward and VAT.
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Key Highlights The DOE is mandated by the
Department of Energy Act of 1992 (RA 7638). It is
responsible for coordinating, supervising and
controlling all government plans, programs,
projects and activities relative to the
exploration, development, utilization,
distribution and conservation of energy.  The
DENR is the main governing body for mineral
resources in the Philippines. It is responsible
for the management and development of the
countrys natural resources and environment. Its
other responsibilities are to formulate
government policies, implement and supervise
plans and programs related to the development of
natural resources, and regulate the exploration,
development and extraction of natural
resources.  The Environmental Management
Bureau (EMB) was established as the supporting
body for the DENR in 1987. In 2002, it became a
line bureau with its own offices and independent
enforcement authority. The EMB is responsible for
pollution prevention and control, and
environmental impact assessments. The Land
Management Bureau is a bureau under the DENR. It
provides long- and medium-term strategic plans
for the land sector, and monitoring and
evaluation tools to ensure the achievement of
goals. The bureau also develops survey standards
and ensures compliance. 
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Table of Contents 1 Executive Summary 2 The
Philippines' Mining Industry - Governing
Bodies 3 The Philippines' Mining Industry -
Governing Laws 4 The Philippines' Mining
Industry - Mining Permits and Contracts 5 The
Philippines' Mining Industry - Mining Rights and
Obligations 6 The Philippines' Mining Industry -
Key Fiscal Terms 7 Appendix
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List of Tables Table 1 The Mining Industry
in the Philippines - Fiscal Regime Terms and
Other Taxes Table 2 The Mining Industry in the
Philippines - Exploration Permit Areas (ha),
2014 Table 3 The Mining Industry in the
Philippines - Mineral Agreement Areas (ha),
2014 Table 4 The Mining Industry in the
Philippines - Ground Expenditure (PHP/ha), 2014
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List Of figures Figure 1 The Mining Industry
in the Philippines - Commodity Mines at Different
Stages (Number of Mines), 2014 Reason To Buy
Gain an overview of the Philippines' mining
fiscal regime. To Get Details
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