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  • Corporate income taxes, mining royalties and other

    2015-6-3  tax policy and the tax regime trend for mining operations is a dimension that may be hard to quantify, but is nevertheless relevant to a life of the mine analysis. Major challenges often lie in the administration of the rules and regulations by the tax authorities, rather than in the legislation itself. This summary provides

  • ANALYSIS Taxes, indigenisation and transparency:

    The Budget Review must be commended for aligning the Mines and Minerals Act and Income Tax Act on the definition of mining and quarry concerning dimensional stones like black granite. The Mines and Minerals Act deems 327 dimensional stones extracted from quarries as a mineral.

  • Internal Revenue Service

    2012-7-31  Mining operations generally progress through four stages: (1) exploration, or the work involved in assessing the size, shape, location, and economic value of the deposit; (2) development, or the work of preparing access to the deposit so that the minerals can be

  • Section 32A – Mining, cutting polishing of granite is ...

    “Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in law in holding that the assessee is entitled to investment allowance on the activities of the assessee, viz., mining granite from quarries and exporting them after cutting, polishing, etc. which tantamount to manufacture for the purpose ...

  • How Zimbabwe’s new fiscal regime impacts on mining

    The budget review must be commended for aligning the Mines and Minerals Act and Income Tax Act on the definition of mining and quarry concerning dimensional stones like black granite.

  • Mineral royalties and other mining- specific taxes

    2012-11-13  the resource on which a special tax should be based. It must also be noted that special taxes for the mining sector are levied at the project level, rather than, as is commonly the case for corporate income tax, at the consolidated entity level. In most jurisdictions, these special taxes are a legitimate deduction in assessing corporate income tax.

  • Mining - DGMS

    2017-8-10  mining operation would attract GST and whether the input tax credit would be available for GST so charged by the Service provider? Answer: HSD is outside GST and therefore, input tax credit would not be admissible. 14 3 @CBEC_India @askGST_GoI cbecindia Follow us on:

  • Publication 535 - Business Expenses - Mineral Property

    The percentage depletion deduction of a corporation for iron ore and coal (including lignite) is reduced by 20% (0.20) of: The percentage depletion deduction for the tax year (figured without this reduction), minus; The adjusted basis of the property at the close of the tax year (figured without the depletion deduction for the tax

  • Conservation Easements for Mineral Properties –

    2017-11-13  The designation of a conservation easement and the monetary valuation that is listed by the owner for annual tax deductions is approved by the Internal Revenue Service (IRS). To qualify for a conservation easement where mineral deposits are present, the owner or his qualified representative must submit a written report to the IRS detailing two ...

  • granite cutting and polishing project report

    Granite Dimensional Stone Quarrying and Processing: A Life-Cycle ... A Report Prepared for: ... 2 GRANITE QUARRYING AND PROCESSING OPERATIONS ... text are the results of the first phase of a three-year project launched by ... either cutting the stone out of the deposit using saws equipped with diamond wire, ... the use of polishing pads, while thermal finishes are applied with a flame or...

  • Mineral royalties and other mining- specific taxes

    2012-11-13  for corporate income tax, at the consolidated entity level. In most jurisdictions, these special taxes are a legitimate deduction in assessing corporate income tax. Special taxes for the mining sector generally take the following forms: • Unit based (specific) royalties when the tax base is a physical unit (volume or weight);

  • Personal Income Tax Allowable Expenses You Must

    2020-6-18  As a matter of fact, since Personal Income Tax concerns individuals, it’s the allowable expenses of the individuals that concerns us here. In fact, before the amendment of Nigeria’s Personal Income Tax Act, there were a variety of personal, family, wife and children allowances.

  • The ultimate guide to self-employed tax deductions ...

    Filing your taxes as a W-2 employee can be overwhelming. But, when you’re self-employed, the labyrinth of paperwork and potential tax deductions creates a tax situation that’s enough to give even the most laid-back freelancer heartburn.. Whether you’re filing your business taxes as a self-employed worker for the first time or the 20th, there are certain best practices that can save you ...

  • US Unitholder Tax Information Since the ... - Granite REIT

    2020-4-21  REIT”) and Granite REIT Inc., Granite REIT is considered to be a US partnership for US federal income tax purposes. As a result, US unitholders are required to include their allocable share of Granite REIT’s items of income and deductions in their individual income tax returns as reported in their respective individual Schedule K‐1.

  • Zambia - Corporate - Taxes on corporate income

    Income earned solely from mineral processing is subject to CIT at a rate of 35%***. Notes * Mining operations means an operation carried out under a mining right, excluding an operation carried out under a mineral processing licence only or an exploration licence.

  • Percentage Depletion Definition - Investopedia

    2019-12-2  Percentage Depletion: A taxable deduction that assigns a set percentage of depletion to the gross income derived from extracting fossil fuels, minerals or other nonrenewable resources from the ...

  • ARIZONA SALES TAXATION OF CONTRACTING

    2017-9-19  (3) Granite Constr. Co. v. Dep’t of Revenue, 168 Ariz. 93, 811 P.2d 345 (Ct. App. 1990). The court of appeals held that a taxpayer performing federally required land reclamation work for a coal mining company in a Navajo-Hopi joint use area was taxable as a prime contractor because the reclamation work constituted contracting.

  • The Domestic Production Activities Deduction

    2019-7-15  The expiration of the DPAD wasn't entirely sweeping. In December 2018, the IRS announced: "The repeal of section 199 for tax years beginning after December 31, 2017, does not apply to a qualified payment received by a patron from a specified agricultural or horticultural cooperative in a tax year beginning after December 31, 2017, to the extent such qualified payment is attributable to ...

  • Income Tax Incentives for Land Conservation Land

    2020-7-7  Tax incentives offset some of that loss in property value, making conservation a viable option for more landowners. Landowners and land trusts should be aware that the improper use of federal income tax deductions for both land and conservation easement donations can involve potentially abusive tax

  • New IRS Scandal - Syndication Of Conservation

    2017-7-24  Abuse of the tax benefits of conservation easements has reached a fever pitch as easement donations are now syndicated at multiples of nine to one and above. Put $100,000 into the syndication ...

  • PwC: Audit and assurance, consulting and tax services

    2015-6-3  Granite Construction Harmony Hecla Holcim Iluka Impala Platinum Kaiser LaFarge S.A. Lihir Gold ... Additional deductions and other deductible items ... Effective Tax Rate Comparison of the Global Mining Industry 2008 December 31, 2008 2008 Effective Tax Rate (%)

  • US Unitholder Tax Information Since the ... - Granite REIT

    2020-4-21  REIT”) and Granite REIT Inc., Granite REIT is considered to be a US partnership for US federal income tax purposes. As a result, US unitholders are required to include their allocable share of Granite REIT’s items of income and deductions in their individual income tax returns as reported in their respective individual Schedule K‐1.

  • Zambia - Corporate - Taxes on corporate income

    Income earned solely from mineral processing is subject to CIT at a rate of 35%***. Notes * Mining operations means an operation carried out under a mining right, excluding an operation carried out under a mineral processing licence only or an exploration licence.

  • Quebec Ministry of Natural Resources: Stretching your ...

    Companies may claim the tax credit when they file their tax return, or the tax credit may be set aside to reduce the monthly instalments of income tax and capital tax. There is a transition period until December 31, 2003, for the shift from the flow-through share system to the new refundable tax credit.

  • The Domestic Production Activities Deduction

    2019-7-15  The expiration of the DPAD wasn't entirely sweeping. In December 2018, the IRS announced: "The repeal of section 199 for tax years beginning after December 31, 2017, does not apply to a qualified payment received by a patron from a specified agricultural or horticultural cooperative in a tax year beginning after December 31, 2017, to the extent such qualified payment is attributable to ...

  • Publication 535 - Business Expenses - Mineral Property

    Taxable income from the property means gross income from the property minus all allowable deductions (except any deduction for depletion or domestic production activities) attributable to mining processes, including mining transportation. These deductible items include, but are not limited to, the following. Operating expenses.

  • Income Tax Incentives for Land Conservation Land

    2020-7-7  Tax incentives offset some of that loss in property value, making conservation a viable option for more landowners. Landowners and land trusts should be aware that the improper use of federal income tax deductions for both land and conservation easement donations can involve potentially abusive tax

  • GST on Royalty paid to State Government for availing ...

    Introduction. State Government grants mining rights for extraction of various minerals (i.e. Red Boulder, Soft Boulder and GSB and this products are classifiable under Tariff Heading 2516 and are leviable to GST on their supply at the rate of 5%) to business entities.

  • CONSERVATION EASEMENTS AND MINERALS

    2010-5-26  B. If there is a severed mineral issue, the standard prescription to preserve a tax deduction is a geologist’s reportthat concludes that the probability of surface mining is so remote as to be negligible. 1. There is no standard template for such a report. 2. Such reports can be costly. C. Ambiguity in the tax

  • New IRS Scandal - Syndication Of Conservation

    2017-7-24  Abuse of the tax benefits of conservation easements has reached a fever pitch as easement donations are now syndicated at multiples of nine to one and above. Put $100,000 into the syndication ...

  • PwC: Audit and assurance, consulting and tax services

    2015-6-3  Granite Construction Harmony Hecla Holcim Iluka Impala Platinum Kaiser LaFarge S.A. Lihir Gold ... Additional deductions and other deductible items ... Effective Tax Rate Comparison of the Global Mining Industry 2008 December 31, 2008 2008 Effective Tax Rate (%)

  • US Unitholder Tax Information Since the ... - Granite REIT

    2020-4-21  REIT”) and Granite REIT Inc., Granite REIT is considered to be a US partnership for US federal income tax purposes. As a result, US unitholders are required to include their allocable share of Granite REIT’s items of income and deductions in their individual income tax returns as reported in their respective individual Schedule K‐1.

  • Income Tax Incentives for Land Conservation Land

    2020-7-7  Tax incentives offset some of that loss in property value, making conservation a viable option for more landowners. Landowners and land trusts should be aware that the improper use of federal income tax deductions for both land and conservation easement donations can involve potentially abusive tax

  • Quebec Ministry of Natural Resources: Stretching your ...

    Companies may claim the tax credit when they file their tax return, or the tax credit may be set aside to reduce the monthly instalments of income tax and capital tax. There is a transition period until December 31, 2003, for the shift from the flow-through share system to the new refundable tax credit.

  • MINNESOTA STATUTES 1988 CHAPTER 298

    proceeds tax equal to two percent of the net proceeds from mining in Minnesota. The tax applies to all mineral and energy resources mined or extracted within the state of Minnesota except for sand, silica sand, gravel, building stone, crushed rock, limestone, granite, dimension granite, dimension stone, horticultural peat, soil, iron ore, and ...

  • Mining Royalties Ta Es- EXODUS Mining machine

    Taxes And Royalties Paid By Australian Miners Mining. Mar 19 2019 a report published by deloitte access economics reveals that australian mining companies paid a306 billion in company tax and royalties in 201718. Online Chat Miners Pay Their Fair Share Of Tax If You Count

  • Morocco Corporate Tax Rate 2004-2020 Data 2021

    The Corporate Tax Rate in Morocco stands at 31 percent. Corporate Tax Rate in Morocco averaged 31.47 percent from 2004 until 2020, reaching an all time high of 35 percent in 2005 and a record low of 30 percent in 2008. This page provides - Morocco Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  • Publication 535 - Business Expenses - Mineral Property

    Taxable income from the property means gross income from the property minus all allowable deductions (except any deduction for depletion or domestic production activities) attributable to mining processes, including mining transportation. These deductible items include, but are not limited to, the following. Operating expenses.

  • G , I ., SA, P - United States Tax Court

    PS’s income, gain, loss, deductions, and credits, but did not report any income it received from the redemption of its part-nership interest (i.e., neither the now-conceded real estate gain nor the disputed gain). P did not file a return or pay any income tax in the United States for 2009. P’s reporting posi-

  • CONSERVATION EASEMENTS AND MINERALS

    2010-5-26  B. If there is a severed mineral issue, the standard prescription to preserve a tax deduction is a geologist’s reportthat concludes that the probability of surface mining is so remote as to be negligible. 1. There is no standard template for such a report. 2. Such reports can be costly. C. Ambiguity in the tax