Taxation Royalties and Govt

Question 1

Phil Mining Act of 1995

Answer 1

RA 7942

Question 2

Mineral Agreements

Answer 2

MPSA, Co-Production Agreements, Joint Venture Agreements

Question 3

provided the revised guidelines for the Fiscal Regiome of the FTAA

Answer 3

DENR AO 2007-12

Question 4

EO 226

Answer 4

Omnibus Investments Code of 1987

Question 5

Fical Frameworks of the Mining Industry

Answer 5

RA 7942
AO 2007-12
FTAA/MPSA ToCs
Incentived granted by the BoI under EO 226
Natl Revenue Code
Tarrif and Customs Code of the PH

Question 6

means the actual market value of the minerals or
mineral products from each mine or mineral land operated as a
separate entity, without any deduction for mining, processing,
refining, transporting, handling, marketing or any other expenses.

Answer 6

Gross Output

Question 7

excise tax for copper and other metallic minerals except Au and Cr

Answer 7

4%

Question 8

Excise tax for gold and chromite

Answer 8

4%

Question 9

Net Mining revenue is computed by

Answer 9

Gross Revenues for Mineral Product sales - Deductible operating expenses + Gov taxes, duties and fees

Question 10

consists of all direct taxes, royalties, fees and related payments required by existing laws, rules and regulations to be paid by the FTAA holder

Answer 10

Basic Government Share

Question 11

A _______________ is granted in favor of the FTAA holder ends
five years from the Date of Commencement of Commercial
Production or at a date the aggregate of the Net Cash Flows from
the mining operations is equal to the aggregate of its Pre-
Operating Expenses, whichever comes first,

Answer 11

Recovery Period