Venezuela’s Mining Fiscal Regime: H2 2015

Date: 2015-11

“• The Ministry of Popular Power for Oil and Mining came into existence on January 20, 2005. It is the main regulatory authority for all petroleum and mining-related operations.

• The Mining Law (Decree No. 295 of September 5, 1999) is the law which governs and regulates activities related to the mining industry in Venezuela.

• The General Regulation of the Mining Law (Decree No. 1234 of March 9, 2001) formulates terms, conditions, and administrative measures in support of Decree No. 295”


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