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

Last updated: 1 November 2022

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.

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