Germany’s Mining Fiscal Regime: H1 2014

Synopsis
Timetric’s Germany fiscal regime report outlines governing bodies, governing laws and key fiscal terms covering one commodity: coal.

Summary
The mining industry in Germany is governed by the Federal Ministry of Economics and Technology (FMET) and Federal Institute for Geosciences and Natural Resources (BGR). The Federal Mining Act 1980 is the main regulating act for mining industry in the country.

Scope
The report outlines Germany’s governing bodies, governing laws and key fiscal terms which includes Corporate Income Tax, Withholding Tax, Depreciation, Loss Carry Forward, Trade Tax / State Tax (Gewerbesteuer), Real Property Transfer Tax and Value Added Tax, VAT.

Reasons To Buy
Gain an overview of Germany's mining fiscal regime.

Key Highlights
‧ The Federal Ministry of Economics and Technology’s (FMET) main objective is to ensure Germany’s sustainable growth and competitiveness with other economies.
‧ The Federal Institute for Geosciences and Natural Resources (Bundesanstalt fur Geowissenschaften und Rohstoffe – BGR) is an agency within the FMET. It provides advice to the German federal government on issues related to natural resources and geoscience.
‧ The Federal Mining Act 1980 (Bundesberggesetz) was passed on August 13, 1980 and applies to the exploration and exploitation of mineral resources.
‧ The corporate tax rate applicable in Germany is 15%. An additional 5.5% surtax is also levied on corporate tax.

Table of Contents
1 Executive Summary 1
2 The German Mining Industry – Governing Bodies 6
2.1 Federal Ministry of Economics and Technology 6
2.2 Federal Institute for Geosciences and Natural Resources (BGR) 6
3 The German Mining Industry – Governing Law 7
3.1 Federal Mining Act 1980 7
4 The German Mining Industry – Key Fiscal Terms 8
4.1 Corporate Income Tax 8
4.2 Withholding Tax 8
4.3 Depreciation 8
4.4 Losses Carry Forward 8
4.5 Trade Tax / State Tax (Gewerbesteuer) 8
4.6 Real Property Tax Rate 8
4.6.1 Real property transfer tax 9
4.7 Value Added Tax 9
5 Appendix 10
5.1 What is this Report About? 10
5.2 Methodology 10
5.3 Secondary Research 10
5.4 Primary Research 11
5.5 Contact Timetric 11
5.6 About Timetric 11
5.7 Timetric’s Services 12
5.8 Disclaimer 13


List of Tables
Table 1: The Mining Industry in Germany – Fiscal Regime Terms and Other Taxes 1
Table 2: The Mining Industry in Germany – Depreciation Tax Rate (%), 2014 8
Table 3: The Mining Industry in Germany – Federal State Real Property Transfer Tax (%), 2014 9


List of Figures
Figure 1: The Mining Industry in Germany – Commodity Mines at Different Stages 2