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Mining Operators Urged to Pay Taxes or Face Losing Licences

Mining Operators Urged to Pay Taxes or Face Losing Licences

Holders of prospecting and research licences and mining concessions are being asked to pay surface and production taxes, as well as submit their annual activity reports by 28 February, under pain of immediate revocation of their mining licenses. The information is contained in a notice issued a few days ago by the National Mining Institute (INAMI). The institution states that this exhortation is based on the Regulation of the Mining Law, approved by Decree 31/2015 of 31 December.

“Paragraph a) of article 130(2) of the Mining Law Regulation provides that the mining title holder who fails to make the payment of the surface and production taxes after 90 days from the date on which the taxes are due, plus the legally established default interest incurs the immediate revocation of the mining title,” reads the INAMI notice, issued a few days ago and to which “Carta” had access.

INAMI thus urges all holders of prospecting and research licences and mining concessions, to submit the proof of submission of reports and taxes within the established timeframe. The institution warns that after the established deadline, the revocation of mining titles will be processed.

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