Iran’s Mining Fiscal Regime: H1 2014

The Ministry of Industries and Mines is the primary body for governing Iran’s mining industry and oversees the Mining Act of the Islamic Republic of Iran, which deals with all matters related to the prospecting, exploration and exploitation of minerals.

“1 Executive Summary 1
2 The Iranian Mining Industry – Governing Bodies 5
2.1 Ministry of Industries and Mines 5
2.2 Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) 5
3 The Iranian Mining Industry – Governing Laws 6
3.1 Mining Act of the Islamic Republic of Iran 6
3.1.1 Executive Regulations of the Mining Act 6
4 The Iranian Mining Industry – Key Fiscal Terms 7
4.1 Royalty 7
4.2 Corporate tax 7
4.3 Capital Gain Tax 7
4.4 Depreciation Rates 7
4.5 Loss Carry Forward 8
4.6 Tax on foreign companies 8
4.7 Value added tax (VAT) 8
5 Appendix 9
5.1 What is this Report About? 9
5.2 Methodology 9
5.3 Secondary Research 9
5.4 Primary Research 10
5.5 Contact Timetric 10
5.6 About Timetric 10
5.7 Timetric’s Services 11
5.8 Disclaimer 12

6.4 Primary Research 12
6.5 Contact Timetric 12
6.6 About Timetric 12
6.7 Timetric’s Services 13
6.8 Disclaimer 14

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“Table 1: The Mining Industry in Iran – Fiscal Regime Terms and Other Taxes (%), 2014 1
Table 2: The Mining Industry in Iran – Royalty Rates (%), 2014 7
Table 3: The Mining Industry in Iran – Depreciation Rates (%), 2014 8

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“Figure 1: The Mining Industry in the Iran – Commodity Mines at Different Stages (Number of Mines), 2014 2

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