The three main taxes and fees imposed on companies operating in the mining sector include customs duties, corporate income tax, and the special tax on certain products (ISCP). The tax office’s Office of Large Companies is the main body responsible for collecting and managing taxes paid to the central government. The National Geology and Mines Office and the National Lands and Survey Office levy sector-specific fees.
Contracts and Licences
Some mining, oil and gas contracts are published, although no formal policy on publication exist to date. Four Mining Codes (1970, 1991, 1997, 2012) are used concurrently in Mali.
Mining licenses are awarded on a ‘first come first served’ basis. An online repository from the Ministry of mines is available and accessible here.
For the hydrocarbon sector, Production sharing contracts in oil and gas are concluded on the same basis, although only exploration licenses have been awarded to date. AUREP (Authority for the Promotion of Petroleum Research), attached to the Ministry of Mines, focuses on four technical areas:
- the Petroleum Geology Service;
- the Data Bank Service;
- the administrative and legal service; and
- the Financial Service.
There is no formal policy on petroleum licence awardsations are not subject to the regulation of public contracts. The OGAS (Oil and Gas Administration System) has been put in place to monitor licence awards.