The Accounting and Fiscal Treatment of Mining Royalties in the Case of Entities that Carry Out Exploitation Activities of Geothermal Waters

Abstract

This article aims to present the characteristics of accounting and taxation of the mineral resources exploitation activity, particularly the exploitation of geothermal waters. This economic activity has a series of particularities, and our goal is to summarize the legal framework and to provide a case study that should emphasize, from the point of view of accounting and taxation, the practical implementation of legal provisions.

Keywords

• mining royalty
• exploitation of geothermal waters
• financial guarantee for restoration of the environment
• exploitation licence