Royal Decree 647/2002, July 5, to declare mineral raw materials and activities related to them, as priority for the purposes of the provisions of Law 43/1995, of December 27, on Corporation Tax

Country / jurisdiction: Spain · Year: 2002 · Status: In force · Level: National · Type: Voluntary

This Royal Decree declares certain raw material minerals as a national priority. The Decree then establishes as a national priority the activities of exploration, research, exploitation, use, treatment, and beneficiation of these minerals. In particular, the resolution declares the following minerals as a country's priority:

Baryte

Kaolinite

Coal

Celestine

Zinc

Copper

Quartz

Diatomite and Tripoli

Tin

Feldspar

Fluorite

Phosphates

Glauberite and Thenardite

Iron

Magnesite

Manganese

Special Clay Materials

Mercury

Precious metals

Nickel

Pyrites

Lead

Potashes

Geothermal Resources

Ornamental Rocks

Talcum powder

Uranium

Tungsten

Wollastonite

Designation as a national priority mineral means that entities exploiting one or more of these minerals may opt for a tax incentive. Specifically, according to article 112 of Law 43/1995, of December 27 , these entities may reduce their tax base, in the amount of the amounts allocated, as a depletion factor. In the case of mineral raw materials, the depletion factor is up to 15% of the value of the minerals sold, also considering those consumed by the same companies for subsequent treatment or transformation.

Official source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2002-14592