How to Improve Mining Tax Administration and Collection Frameworks : A Sourcebook

Governments of mineral-rich countries formulate and use a variety of financial imposts to collect a share of the revenue generated by mining companies. Instruments include the full range of taxes, fees, and charges that generally apply to all norma...

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Bibliographic Details
Main Authors:	Guj, Pietro, Bocoum, Boubacar, Limerick, James, Meaton, Murray, Maybee, Bryan
Format:	Energy Study
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCELERATED DEPRECIATION ACCOUNTING ACCOUNTING PRACTICES ALTERNATIVE USE AMORTIZATION AMOUNT OF CAPITAL ARBITRATION ASSOCIATED COMPANIES AUDITING AUDITS BENCHMARKS BRIDGE CAPITAL ASSET CAPITAL BASE CAPITAL GAIN CAPITAL GAINS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITALIZATION CHECKS CIVIL SERVICE COLLECTION PROCESS COMMODITY PRICE COMMODITY PRICES COMPLIANCE COST COMPLIANCE COSTS CONTRACTUAL OBLIGATIONS CORPORATE INCOME TAX CORPORATE PROFITS CORPORATE TAXATION COST OF TRANSPORT COSTS OF COLLECTION CUSTODY DEBT DEPOSIT DEPOSITS DEVELOPING COUNTRIES DISPUTE RESOLUTION DIVIDEND DIVIDENDS DOMESTIC TRANSPORT DRIVING ECONOMIC EFFICIENCY ECONOMIC EQUILIBRIUM ECONOMIC RENT ECONOMIC RENTS ECONOMIC THEORY ECONOMIES OF SCALE EFFICIENT MARKET ENVIRONMENTAL IMPACTS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL PROJECTION FINANCIAL RISK FISCAL POLICIES FISCAL POLICY FORECASTS FREIGHT FREIGHT COSTS GOVERNMENT INVESTMENT GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS VALUE HIGH-RISK VENTURE HOLDING HUMAN RESOURCES INCOME INCOME TAX INDEXATION INFLATION INFLATION RATE INFRASTRUCTURE DEVELOPMENT INSPECTION INSTRUMENT INSURANCE INTEREST PAYMENTS INVENTORY INVESTING INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT PERIODS LAWS LEGAL PROVISIONS LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATIVE FRAMEWORKS LEVEL OF RISK LEVY LOCAL TRANSPORT MARKET PRICE MARKET PRICES MARKET VALUE MINISTRIES OF FINANCE NATURAL RESOURCES NET VALUE NORMAL PROFIT ORGANIZATIONAL STRUCTURE PENALTIES PETROLEUM INDUSTRY PRIVATE INVESTMENT PROFIT MARGIN PROFITABILITY PUBLIC FINANCE RAIL RATE OF RETURN RATES OF RETURN REMITTANCE RETURN RETURN ON INVESTMENT RETURNS ROAD ROAD BUILDING ROYALTIES ROYALTY SOVEREIGN RISK SUBSIDIARY SWAP TAX TAX ADMINISTRATION TAX ASSESSMENT TAX BASE TAX COLLECTION TAX FRAMEWORK TAX LIABILITIES TAX POLICIES TAX RATE TAX REGIME TAX SYSTEM TAX SYSTEMS TAXABLE INCOME TAXATION TAXATION REVENUES TAXING POWERS TAXPAYERS TRANSACTION TRANSFER PRICING TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORTATION TRANSPORTATION COSTS TRUCKS TRUE VALUATION WEALTH WITHHOLDING TAXES
Online Access:	http://documents.worldbank.org/curated/en/2013/04/18382187/improve-mining-tax-administration-collection-frameworks-sourcebook http://hdl.handle.net/10986/16700

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Summary:	Governments of mineral-rich countries formulate and use a variety of financial imposts to collect a share of the revenue generated by mining companies. Instruments include the full range of taxes, fees, and charges that generally apply to all normal commercial operations. In addition to these measures, most governments use mineral royalties along with variations to the corporate taxation measures, customs duties, and value-added taxes that apply just to mining. This sourcebook focuses on mineral royalties and on other taxation measures that are specific to mining activities, with particular emphasis on imposts of common application in most developing countries, which may create challenges in their administration. The legislative framework establishing these taxes in developing countries that are experiencing an accelerated pace of resource development is in most cases relatively modern and largely adequate, but the supporting administrative capability, procedures, and systems have tended to lag behind. This sourcebook presents a practical overview of how to analyze and improve the administrative frameworks and systems for mineral royalties and other taxes specific to mining. This sourcebook provides a structured approach to help the ministries of finance and mines analyze and improve their effectiveness and efficiency in handling common issues and challenges; avoid duplication of effort; and overcome the organizational, structural, and resourcing difficulties generally encountered in the administration of various elements of mining regimes.

How to Improve Mining Tax Administration and Collection Frameworks : A Sourcebook

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