Market Research Report
Brazil's Mining Fiscal Regime 2020
|Published by||GlobalData||Product code||943197|
|Published||Content info||19 Pages
Delivery time: 1-2 business days
|Brazil's Mining Fiscal Regime 2020|
|Published: May 22, 2020||Content info: 19 Pages||
GlobalData's "Brazil's Mining Fiscal Regime 2020" report outlines the governing bodies, governing laws, various mining licensing fees, taxes and royalty related information segregated in Brazil.
Brazil has large reserves of important metals such as aluminum, iron ore, niobium and nickel. The mining industry accounts for 2% of Brazil's GDP. Iron ore is the key metal in Brazilian metal exports, raising revenues of US$2.3 billion in 2019. The National Mining Agency (ANM) is a federal agency responsible for the implementation of national policy pertaining to mining. Various taxes, including corporate income tax and withholding tax, among others, are applicable to entities in Brazil.
Brazilian Mining Code (Decree No. 227/1967) grants authority to the Ministry of Mines and Energy and the environmental protection authorities, especially the Brazilian Environmental and Renewable Resources Institute (IBAMA) and the state environmental agencies.