gross sale includes excise tax and royalty mining

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Corporate income taxes, mining royalties and… pdf

This summary of income taxes, mining taxes and mining royalties should allow ... include creating a framework for a standard mineral product price reference and ...... Excise Taxes. (coal). Basis. N/A. N/A. (i) price of mineral. (ii) gross revenue.» Request a Quotation

State/Provincial Mining Taxes for U.S. and Canada |…

corporate income taxes; property taxes; sales and use taxes; special taxes on mine production or income. Mining Cost Service contains explanations and current rates for all of these taxes in the 31 states with ... Maine, yes, yes, yes, Mining excise tax on metallic minerals ... Coal gross proceeds tax ... Mining royalty...» Request a Quotation

Mineral royalties and other mining- specific… pdf

realised after netting off from the gross mineral revenue all the costs of production .... ad valorem royalty consists of a uniform percentage (the rate) of the value (the base) of the ..... and excise, and monetary and fiscal management. Where the.» Request a Quotation

Revenue Sharing in Mining - Scientific Research… pdf

9 Aug 2013 ... ies taxes, royalties and other fees to mining firms operat- .... limited to extraction of minerals; mining rights under FTAA include ... Mining Revenue = Gross Sales − Operating Expenses − Interest Expenses − Development Expenses − Royalty to Land ... Aside from royalty, income tax, excise tax and busi-.» Request a Quotation

Philippines: Reform of the Fiscal Regimes for Mining and… pdf

1 Jun 2012 ... C. Royalty and Mineral Excise . .... A. Sharing of Gross Proceeds . ... Taxes, Royalties and Fees Paid by the Mining Industry...................................................... .... of low contribution of the mining sector to government revenue is that mining sector's .... These incentives include tax holidays, customs duty and VAT.» Request a Quotation

Draft bill for new mining tax regime finalized -…

2 Jun 2014 ... Adjusted mining revenues refer to the difference between gross sales and direct mining cost and administrative expenses. ... mining companies pay regular corporate income tax, business tax and 2% excise tax. ... affected by mining operations and royalty for extracted minerals from mineral reservations.» Request a Quotation

BusinessWorld | Taxation and regulations in Philippine…

22 Sep 2015 ... Second, the number of taxes, royalties, regulatory fees, ... year, or 55% of “adjusted net mining revenues (ANMR)” (ANMR: gross revenue less...» Request a Quotation

BusinessWorld | Mining revenue scheme filed in…

5 Feb 2015 ... A NEW revenue sharing scheme the mining industry has been anticipating ... and a 2% excise tax on actual market value of output under Mineral Production ... for a government share of 10% of gross revenue or 55% of adjusted net ... income tax, royalty to ICCs, duties on imported specialized capital mining...» Request a Quotation

Review of Collection and Distribution of Revenues from Natural… pdf

12 : Rates of Royalty/Mining License Tax/Excise Tax in Selected Countries .... include the National Economic and Development Authority (NEDA), Department of the ..... 1% of the gross sales or receipts of the preceding calendar year; or.» Request a Quotation

Business and occupation (B&O) tax classification…

Examples include logging, mining, quarrying, and fishing operations. ... “Gross income” includes gross receipts from commissions, fees, and other amounts which ... All wholesale sales should be reported under the Wholesaling B&O tax classification. .... RCW 82.04.2907, Special Notice - Royalties B&O Tax Rate Increase...» Request a Quotation

State Government Mining Royalties: Requited…

Mineral royalties constitute a significant revenue source for State ... of duties of excise could be expanded to include at least some of the mining royalties levied by .... Tenement holders are also subject to minimum annual mining or exploration...» Request a Quotation

Taxation of Natural Resources (Grote) - the United… ppt

Royalties/production taxes (average rates of 2-5%) & ordinary profit taxes; Since 2000 ... Progressive profit tax vs. excise-type windfall profit tax ... than 1; Some production-sharing contracts include this progressive feature with growing ... takes a percentage share of the gross value of output from specified mining project”.» Request a Quotation

Mineral and Petroleum Resources Royalty -…

12 Oct 2016 ... Excise ... The royalty is triggered on the transfer of a mineral royalty extracted from within the Republic. As is the case for all other taxes, duties, levies, fees or money ... by SARS, the royalty collected is paid to the National Revenue Fund. ... The Mineral Royalty is payable on your gross sales for the particular...» Request a Quotation

BusinessWorld | Taxation and regulations in Philippine…

22 Sep 2015 ... Second, the number of taxes, royalties, regulatory fees, ... year, or 55% of “adjusted net mining revenues (ANMR)” (ANMR: gross revenue less...» Request a Quotation

UP School of Economics Discussion Papers pdf

12 Oct 2015 ... competitive tax regimes for mining which included lowering taxes and granting incentives to attract .... of just a regular government revenue that is added to the annual budget of the ..... Royalties allow governments to collect tax revenue when ..... Excise tax ( 2 per cent of the market value of the gross output);.» Request a Quotation

2015 Global oil and gas tax guide - EY pdf

EY's Global oil and gas tax guide is part of a suite of tax guides, including; the ... Personal Tax Guide, the Worldwide VAT, GST and Sales Tax Guide, the ... for each tax contact includes a direct-dial office telephone number, if available. ...... Royalties are due on the gross income and are paid by the NOC at a rate of. 20%.» Request a Quotation

Mining taxation and regulations, Philippines -…

15 Jul 2013 ... Photos, graphs, charts and tables about Philippine mining taxation ... tax + excise tax + royalty tax + other taxes is equiv. to 6% gross mining revenues. ... Keynes): the higher the tax rate, the lower the tax revenue/collection At...» Request a Quotation

Mexico Tax Alert - Deloitte pdf

12 Dec 2013 ... which was approved by the Senate on 30 October, contains a number of ... calculations, such as the tax basis of shares, if the net tax profit for the year ... Existing groups will have to pay deferred income tax in annual installments .... Mining royalty: A special mining right royalty of 7.5% will apply to net.» Request a Quotation

Hardrock Mining: Information on State Royalties…

These data include the amount of hardrock minerals being produced on federal ... Generally, gross revenue royalties do not allow producers to deduct mining costs, ..... New Mexico: All lands: Resources excise tax (severers and processors)[I];...» Request a Quotation

Drilon bats for increased taxes from mining…

18 Jul 2016 ... This includes corporate tax, royalty for the indigenous cultural communities, duties ... This compares with the current revenue sharing formula where the ... It also gets a 2-percent excise tax on actual market value of output under Mineral ... maintained its position that 10 percent of gross revenues is "too high.» Request a Quotation

Revenue trends and tax policy - National… pdf

22 Feb 2017 ... Excise duties are not responsive to the business cycle. .... The 2016 Budget estimate for gross tax revenue in 2016/17 was ... Includes mineral royalties, mining leases, departmental revenue and sales of capital assets.» Request a Quotation

The Impact of Federal Coal Royalty Reform on Prices,… pdf

could receive between $5.1 and $8.8 million in additional annual revenue. ... the large majority of sales from mines with active federal leases are to the ... Concerns with the current regulation related to coal royalty valuation include: that the .... Federal Production Taxes: The federal black lung excise tax and abandoned mine...» Request a Quotation

Effective tax rates on Australian mining and an… pdf

includes leading a study of corporate tax reform in Canada as. Chair of the Federal ... metallic mining (iron ore) bore a higher tax and royalty burden in Australia...» Request a Quotation

NAC-CMC Posts P343M Average Annual Tax Payments - Nickel…

National taxes include corporate income tax (30 percent of the net taxable income), excise tax (2 percent of the gross revenue), mineral reservation royalty (5...» Request a Quotation

Nevada enacts major business tax legislation -…

20 Apr 2016 ... The term business entity does not include: ... For the purpose of the Commerce Tax, the term "gross revenue" is defined as "the total ... Gross rents and royalties from real property are sourced to Nevada if the real property is .... institutions is retained, but the 2.0 percent tax is extended to mining businesses.» Request a Quotation

Mineral Policy for Mozambique pdf

Royalty payment is based on the gross value of minerals mined on a monthly basis. ... Included in ordinary income and taxed at standard rate. ... An Alternative Minimum Tax applies to very small companies (turnover less than ... Excise Taxes.» Request a Quotation

Fiscal Regimes  

13 Jan 2013 ... Additional Tax on Earnings, Production based royalties (daily ... Assessment base of the additional tax on earnings consists of annual revenues minus .... Set requirements, rates, refinery methods of flat fees, royalties and mining taxes; ...... Excise Tax, Floating Rate Export Duty Rate Change and Calculation...» Request a Quotation

Country Tax Profile: Mongolia - KPMG pdf

Tax imposition relating to income from the sale of immoveable property must be remitted within 10 working days of the .... Specific royalty regimes apply for the mining industry (see Other Taxes below) .... Fringe benefits are included in gross income of employees and taxed at a rate of 10 percent ... Excise duty is imposed on:.» Request a Quotation

Mineral Royalty: Treatment Of Transport, Insurance And…

23 Jun 2017 ... Corporate & Commercial; Customs, Excise, VAT & Trade Remedies; Employment ... By Johan Kotze, Tax Executive at Shepstone & Wylie Attorneys ... As gross sales forms the basis for the royalty calculation, mining companies ... of sales should include these expenses incurred before the mineral is brought...» Request a Quotation

Sales and Receipts

Receipts of nonemployer firms includes gross receipts, sales, commissions, and ... rents, net investment income, interest, dividends, royalties, and net insurance premiums earned. ... Mining sector - Includes the net selling values, f.o.b. mine or plant after discounts and allowances, excluding freight charges and excise taxes.» Request a Quotation

Mineral Royalty: Treatment Of Transport, Insurance And…

23 Jun 2017 ... Corporate & Commercial; Customs, Excise, VAT & Trade Remedies; Employment ... By Johan Kotze, Tax Executive at Shepstone & Wylie Attorneys ... As gross sales forms the basis for the royalty calculation, mining companies ... of sales should include these expenses incurred before the mineral is brought...» Request a Quotation

Sales and Receipts

Receipts of nonemployer firms includes gross receipts, sales, commissions, and ... rents, net investment income, interest, dividends, royalties, and net insurance premiums earned. ... Mining sector - Includes the net selling values, f.o.b. mine or plant after discounts and allowances, excluding freight charges and excise taxes.» Request a Quotation

Coal Severance Tax Matrix of Other States - ia… pdf

Gross receipts - the gross receipts are the fair market value measured at the time ... Includes coal ore and any other substance that might be severed from the earth in the process of .... The mineral severance tax is an excise tax applied to each ton of coal severed .... extent included in the sales value, all royalties, ad valorem.» Request a Quotation

Chapter 4 - State mineral royalties and the…

Mining royalties have been a long-standing revenue source for state and, before federation, .... They also include payments to Western Australia to compensate it for the loss of ... The Commonwealth extended the crude oil excise regime to cover .... of gross income (royalties) and net income mining tax structures diminish.» Request a Quotation

Overview of Main Tax Instruments | Natural Resources…

2 Oct 2017 ... The Income Tax Act (ITA) contains two main forms of income taxes and ... tax) imposes a tax on gross income with no provision for deductions. ... impose mining taxes and/or mining royalties or mineral land taxes .... For more information, see Current Rates of Excise Taxes on the Canada Revenue Agency...» Request a Quotation

Philippines plans new law to ensure responsible mining |…

21 Jul 2017 ... Duterte plans to meet miners, anti-mining advocates ... on Appointments following her mining orders, which included a ban on open-pit mining and a demand for a bigger government share in mining revenues. ... 5 percent royalty on mineral reservation and a 2 percent excise tax, both based on gross sales.» Request a Quotation

Indigenous peoples worried about loss of royalty |…

16 Feb 2017 ... In January alone, royalty payments in Caraga amounted to over ... excise tax paid by the miners on their annual gross revenue, Raagas said.» Request a Quotation

tax rate - Nevada Department of Taxation - State of… pdf

The Commerce Tax is an annual tax imposed on the Nevada gross revenue of each business ... Each business entity subject to the tax must file a return; ... Tax Rate. 11. Agriculture, Forestry, Hunting .063%. 21. Mining, Quarrying, Oil and Gas .... Nevada gross revenue includes the amounts of revenue received as follows:.» Request a Quotation

Policy Brief - Senate of the Philippines pdf

to the government through taxes and fees paid on mining .... Excise tax collected by the Bureau of Internal Revenue. (BIR) accounted for 13 percent while fees, charges and ... The damages include acid mine drainage, heavy .... royalties. Adjusted mining revenues pertain to the difference between gross sales and direct.» Request a Quotation

mining industry statistics - Mines and… pdf

27 Sep 2017 ... Gross Value Added In Mining At Current Prices (PSA) P 77.7 Billion. P 90.7 Billion ... Taxes, Fees and Royalties From Mining. Fees, Charges ... Excise Tax Collected by BIR ... Total GVA does not include crude oil and coal.» Request a Quotation