Poland’s Mining Fiscal Regime: H1 2014

Poland has adequate amounts of agricultural and mineral resources. It has deposits of coal, copper, zinc, lead, silver, manganese, and rock salt. The mining industry in Poland is governed by the Ministry of Ministry, including the State Mining authority and other State Institutes.

Scope

The report outlines Poland’s governing bodies, governing laws, ownership and mining licenses, rights and obligations and key fiscal terms which includes prospecting fees, exploration fees, royalty, corporate income tax, capital gains tax, real state tax, depreciation, withholding tax, loss carry forward and VAT.

Key Highlights

• The Ministry of the Environment is a professional institution, responsible for the rational management of natural resources. It cooperates in the fields of the environment and the education of the general public in protection of the environment.

• The Commission for Mineral Resources acts as an advisory body for the Ministry of the Environment. It assesses the drafting of documentation on fossil mineral deposits and geological findings.

• The Department of Geology and Geological Concessions is part of the Ministry of Environment, which is responsible for granting concessions for prospecting, exploration and extraction of fossil mineral resources.

• The State Mining Authority aims to improve the health and safety of miners, and ensure the proper management of deposits.

Reasons to buy

To get an overview of Poland's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Polish Mining Industry – Governing Bodies 5

2.1 Ministry of Environment 5

2.1.1 The Commission for Mineral Resources 5

2.1.2 Department of geology and geological concessions 5

2.2 State Mining Authority 5

2.3 Polish Geological Institute 6

2.4 Central Mining Institute 6

2.5 Institute of Mineral and Energy, Polish Academy of Sciences 6

3 The Polish Mining Industry – Governing Laws 7

3.1 Economic Freedom Act of 2 July 2004 7

3.2 The Labor Code 7

3.3 Polish Geological and Mining Law, February 4, 1994 7

4 The Polish Mining Industry – Ownership and Mining Licenses 8

4.1 Mining Ownership 8

4.2 Mining Business Licenses 8

4.2.1 Area 8

4.2.2 Process 8

4.3 Mining Usufruct License 8

4.4 Mining Concessions 8

5 The Polish Mining Industry – Rights and Obligations 9

5.1 Rights 9

5.2 Obligations 9

6 The Polish Mining Industry – Key Fiscal Terms 10

6.1 Prospecting Fees 10

6.2 Exploration Fees 10

6.3 Royalty 10

6.4 Corporate Income Tax 10

6.5 Capital Gains Tax 10

6.6 Real State Tax 10

6.7 Depreciation 11

6.8 Withholding Tax 11

6.9 Loss Carry Forward 11

6.10 Value Added Tax 11

7 Appendix 12

7.1 What is this Report About? 12

7.2 Methodology 12

7.3 Secondary Research 12

7.4 Primary Research 12

7.5 Contact GlobalData 13

7.6 About GlobalData 13

7.7 GlobalData’s Services 14

7.8 Disclaimer 15

List of Tables

Table 1: The Mining Industry in Poland – Fiscal Regime Terms, Fees and Other Taxes, 2014 1

Table 2: The Mining Industry in Poland – Royalty Rates (PLN/IU and %), 2014 10

Table 3: The Mining Industry in Poland – Real Estate Tax (PLN/m2), 2014 11

Table 4: The Mining Industry in Poland – Depreciation Rates (%), 2014 11

Table 5: The Mining Industry in Poland – Withholding Tax Rates (%), 2014 11

List of Figures

Figure 1: The Mining Industry in Poland – Commodity Mines at Different Stages 1

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