10004
Mining Royalties Down 5%
Economy, Business And Markets

Mining Royalties Down 5%

Mining royalties, a crucial challenge for the sector, have been reduced from 30% to 25 %, SENA reported on Tuesday. The decision was made in a meeting hosted by the parliament’s integration committee, and attended by representative of Chadormalu Mining and Industrial Company, the deputy minister of industry, mine and trade, and vice president for planning. Some laws should be kept aside from the budget, said a parliament member, adding that “mining royalties should be considered in mining laws apart from the budget,” said Nader Pour Ebrahimi. He also noted that collecting a 30 percent tax from the mining sector at a time when they are grappling with global slowdown is not a wise move.

Short URL : http://goo.gl/8ooP8G

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Trending

Googleplus