Finland’s Mining Fiscal Regime: H1 2015

Finland has a variety of mineral resources, such as nickel, chromite, iron ore, copper, lead, gold, and zinc. The GlobalData report covers the country’s mining industry which is governed by the Geological Survey of Finland (GTK) and the Finnish Safety and Chemicals Agency (Tukes). The Mining Act and Environmental Protection Act are the main laws regulating the mining industry.


The report outlines the governing bodies, laws, licenses, rights, obligations and key fiscal terms which includes corporate income tax, loss carry forward, depreciation, fees and charges, real property tax, withholding tax and value added tax (VAT)

Key Highlights

• The Geological Survey of Finland (GTK) is an authoritative agency under the Ministry of Employment and the Economy (MEE) for mining activity in Finland.

• The Finnish Safety and Chemicals Agency (Tukes) is the main authority for supervising mining activity in Finland.

• The Mining Act (621/2011) promotes mining activity, organize sustainable exploration, ensure mine safety, and reduce and combat activities that adversely affect safety.

• The Environmental Protection Act 4.2.2000/86 ensures the protection, elimination, and reduction of damage caused by pollution in Finland

Reasons to buy

Gain an overview of Finland’s mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary

2 The Finnish Mining Industry – Governing Bodies

2.1 Geological Survey of Finland (GTK)

2.2 Finnish Safety and Chemicals Agency (Tukes)

3 The Finnish Mining Industry – Governing Laws

3.1 The Mining Act

3.2 Environmental Protection Act

4 The Finnish Mining Industry – Mining Licenses/Permits and Compensation

4.1 Exploration Permit

4.1.1 Duration

4.1.2 Area

4.2 Annual Compensation – Gold Mining

4.3 Mining Permit

4.3.1 Duration

5 The Finnish Mining Industry – Permit Holder Obligations, Compensations and Collateral

5.1 Obligations

5.2 Compensations and Collateral

5.3 Annual Compensation – Gold Mining

5.3.1 Claim compensation

5.3.2 Gold panning compensation

5.3.3 Mining concession area fee

6 The Finnish Mining Industry – Key Fiscal Terms

6.1 Fees and Charges

6.2 Corporate Income Tax

6.3 Loss Carry Forward

6.4 Depreciation

6.5 Real Property Tax

6.6 Withholding Tax

6.7 Value Added Tax

7 Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Secondary Research

7.4 Primary Research

7.5 Contact GlobalData

7.6 About GlobalData

7.7 GlobalData’s Services

7.8 Disclaimer

List of Tables

Table 1: The Mining Industry in Finland – Fiscal Regime Terms and Other Taxes (%), 2015

Table 2: The Mining Industry in Finland – Fees and Charges (EUR), 2015

List of Figures

Figure 1: The Mining Industry in Finland – Commodity Mines at Different Stages (Number of Mines), 2015


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