Thailand’s Mining Fiscal Regime: H1 2014

The mining industry is governed by the Ministry of Industry, the Ministry of Natural Resources and Environment and the Ministry of Energy. The Department of Primary Industries and Mines − under the Ministry of Industry − is the government’s body responsible for the administration and promotion of the mining industry and mineral trades, as well as providing safety and pollution-control requirements in compliance with the Minerals Act.

Scope

The report outlines Thailand’s governing bodies, governing laws, mining ownership and licenses, mining rights and obligations and key fiscal terms which includes, Corporate Income Tax (CIT), Deductions, Withholding Tax, Remittance Tax, Depreciation Rates, Loss Carry Forward, Property Tax, Tax Incentives and Value Added Tax (VAT).

Key Highlights

• Ministry of Industry plays vital role in the mineral and mining industry of Thailand. The Ministry takes charge and control of the execution of Mineral Act and has the power to appoint competent officials and issue ministerial regulations.

• Department of Primary Industries and Mines (DPIM) under the Ministry of Industry is the government body responsible for the administration and promotion of the mining industry and mineral trades as well as providing safety and pollution-control requirements in compliance with the Minerals Act.

• Ministry of Natural Resources and Environment was established in accordance with the Administrative Organization of the State Act B.E. 2534 amended in B.E. 2545.

• The Ministry of Energy is a small ministry responsible for urgent government issues. The ministry aims to achieve sustainable energy management.

Reasons to buy

To gain an overview of Thailand's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Thai Mining Industry – Governing Bodies 5

2.1 Ministry of Industry 5

2.1.1 Department of Primary Industries and Mines (DPIM) 5

2.2 Ministry of Natural Resources and Environment (MONRE) 5

2.3 Ministry of Energy 5

3 The Thai Mining Industry – Governing Laws 6

4 The Thai Mining Industry – Mining Ownership and Licenses 7

4.1 Mining Ownership 7

4.2 Mining Licenses 7

4.2.1 General Prospecting License (GPL) 7

4.2.2 Exclusive Prospecting License (EPL) 7

4.2.3 Special Prospecting License (SPL) 7

5 The Thai Mining Industry – Mining Rights and Obligations 8

5.1.1 Rights 8

5.1.2 Obligations 8

6 The Thai Mining Industry – Key Fiscal Terms 9

6.1 Corporate Income Tax (CIT) 9

6.2 Deductions 9

6.3 Withholding Tax 10

6.4 Remittance Tax 10

6.5 Depreciation Rates 10

6.6 Loss Carry Forward 11

6.7 Property Tax 11

6.8 Tax Incentives 11

6.9 Value Added Tax (VAT) 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 Thailand – Fiscal Regime Terms and Other Taxes (%), 2014 1

Table 2: The Mining Industry in Thailand – Corporate Income tax (%), 2014 9

Table 3: The Mining Industry in Thailand – Withholding tax (%), 2014 10

Table 4: The Mining Industry in Thailand – Remittance Tax (%), 2014 10

Table 5: The Mining Industry in Thailand – Depreciation Rate (%), 2014 10

List of Figures

Figure 1: The Mining Industry in Thailand – Commodity Mines at Different Stages (Number of Mines), 2014 1

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