Regulation - Payment of Royalty.Every holder of a mining lease shall be liable to pay royalty to the Republic in respect of his mining operations at the rate sp ...
Regulation 2-Variation of Rate of Royalty.(1) The rate of royalty payable under these Regulations shall be based on the profitability of the mining operations.( ...
Regulation 3-Royalty Payments to be made Quarterly.Every holder of a mining lease shall within thirty days after the expiration of every quarterly period pay to ...
Regulation 4—Yearly returns of Mineral Production.(1) Every person engaged in mining operations shall within thirty days after the expiration of every ye ...
Regulation 5—End of Year Reconciliation.Every holder of a mining lease shall, within sixty days after the expiration of each yearly period compute the ro ...
Regulation 6—Carry Forward of Operational Cost.Where in any yearly period the operational ratio is less than thirty per centum then the difference betwee ...
Regulation 7—Administration of Regulations.These Regulations shall be administered by the Commissioner of Internal Revenue who shall be responsible for t ...
Regulation 9—Offences.(1) Any person who —(a) fails or refuses to pay any royalty payable by him under these Regulations;(b) contravenes any of th ...
SCHEDULEOperating Ratio &nbs ...
