Metals News Hubb
Advertisement Banner
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home News

Finland plans new tax on mining

admin by admin
September 27, 2022
in News


Finland has thus far not collected taxes on minerals but the government now proposes introducing a royalty of 0.6% on the taxable value of metallic minerals and of 0.2 euros per extracted tonne for other minerals, the ministry said.

With the new tax, the government calculates it could collect annually some 25 million euros ($24.1 million), with 60% of it to be directed to the municipalities where mines are located and 40% to the central government.

“The aim of the tax is to take into account the nature of mining minerals… as non-renewable natural resources and to direct a reasonable compensation for their use to the society,” the ministry said in a statement.

The new tax, pending approval in Finland’s parliament, is planned to take effect from the beginning of 2024.

($1 = 1.0376 euros)

(By Anne Kauranen; Editing by Terje Solsvik)





Source link

Previous Post

Control Of Silver Metal Will Lead To Much Higher Prices – Silver Doctors

Next Post

Rio Tinto Joins First Movers Coalition To Aid In Achieving Zero-Carbon Aluminium – Aluminium Insider

Next Post

Rio Tinto Joins First Movers Coalition To Aid In Achieving Zero-Carbon Aluminium – Aluminium Insider

Recommended

Mexico to urge US, Canada firms to participate in lithium market

3 months ago

Why Are So Many Bad Things Happening To America In 2022? – Silver Doctors

5 months ago

If You Don’t Have Gold or Silver You Really Don’t Have Any Money

6 months ago

American Lithium’s 51% stock bounce has CEO upbeat on year

3 weeks ago

Silver Psyop – Silver Manipulation… Conspiracy or Truth

5 months ago

Joe Biden’s climate bill has the US battery industry revved up

5 months ago

© 2022 Metals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Metallurgy
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact

© 2022 Metals News Hubb All rights reserved.