DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/z2spps/chinas_mining) has announced the addition of the "China's Mining Fiscal Regime: H1 2014" report to their offering.
Chinese fiscal regime report outlines governing bodies, governing laws, licenses, rights and obligations and tax-related information covering 12 main commodities: coal, iron ore, copper, zinc, bauxite, gold, silver, nickel, chromium, manganese, uranium and platinum group metals.
China has rich metallic mineral deposits and non-metallic deposits such as coal. It has deposits of nearly all types of known mineral resource. Mineral distribution varies from region to region, as differences in geotectonic zones and mineralization conditions create vast differences in mineral type, reserve amount and quality. The mining industry in China is governed by the Ministry of land and Resources, and the Department of Resources Conservation and Environmental Protection. The Mineral Resources law is the apex regulating law for the development of the mining industry, the promotion of exploration, the development of mines, and the utilization and protection of mineral resources.
The report outlines China's governing bodies, governing laws, mining licenses and ownership, mining rights and obligations, key fiscal terms which includes mining fee, royalty, resource tax, urban and township tax, land appreciation tax, enterprise resource tax, vehicle and vessel usage tax, depreciation, deductions, loss carry forward, capital gains tax, withholding tax, VAT, business tax, tax incentives and stamp tax.
Key Highlights
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The State Council is the highest state administrative body which
carries out laws enacted and decisions adopted by the National
People's Congress (NPC) and its Standing Committee.
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The Ministry of Land and Resources is the main governing body for
mining activities in China. It is responsible for the planning,
administration, protection and optimum utilization of land, minerals
and marine resources.
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The NDRC, under the State Council, studies and formulates policies for
economic and social development. It balances economic factors and
guides overall economic restructuring.
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The NEA is a department under the NDRC that is responsible for the
administration of the energy sector, including coal, oil, natural gas,
power, nuclear power and renewable energy. NEA provides guidelines
related to energy conservation, the comprehensive utilization of
resources in the energy sector, and scientific and technological
advancement.
For more information visit http://www.researchandmarkets.com/research/z2spps/chinas_mining