Throughout the construction phase of the mine, the holders of a Mining Operation Title are exempt from:
- Value Added Tax (VAT) on imports of equipment, material, machines, raw materials and consumables indicated in the mining list submitted, before the beginning of the construction phase, on condition that this mining list has been approved in accordance with the provisions of Article 166 of this code. However, imports of goods which are excluded from the right of deduction pursuant to the provisions of the General Tax Code are not exempt from VAT, even when these goods were included in the duly approved mining list, except for heavy fuel oil.
- Annual Minimum Tax (IMF);
- business license fee;
- Contribution to vocational training;
- Single Land Tax (CFU);
- Apprenticeship tax.
The benefits enjoyed the exemption regime is subject to the filing, before the start of the construction phase, of a mining list for the construction phase, in compliance with the provisions of Article 166 of this Code.
All other provisions of the General Tax Code apply with full force and effect.
Petrol, lubricants and other imported petroleum products are entitled to a VAT reimbursement, within the limits of annual quotas fixed by the Minister in charge of the Budget.
The duration of these exemptions is limited to the duration of the construction phase. The construction phase ends on the Date of First Commercial Production. The end of the construction phase marks the beginning of the mining Operating Phase, notwithstanding the continuation of any construction activity.