Revenue generation is one of the key benefits from the mining sector. At the same time, it is challenging to design a fiscal system that maximises revenues while taking into account enforcement capacities. Tax regimes should balance criteria of progressivity, equity and efficiency, while maintaining the country’s competitiveness. Apart from collecting revenues, the management and redistribution of these resources present challenges. Revenue management systems should take into account price cycles, so these do not destabilise state budgets. It is also necessary to define how these revenues from non-renewable resources should be spent and redistributed at the national and sub-national levels to improve the living conditions of current and future generations.
MinSus has contributed to this field with comparative tax assessments for copper and lithium producing countries, has strengthened transparency initiatives to monitor mining revenues and expenditures, and has supported national and subnational governments on specific requests working on topics such as transfer pricing analyses and investment strategies in mining regions.
Participe en el evento “Comparación de los regímenes fiscales en la minería del cobre de Chile y Perú”