Chile Drops Tax Limit in Copper Royalty Bill to 47%, DF Reports

Chile Drops Tax Limit in Copper Royalty Bill to 47%, DF Reports

Finance Minister Mario Marcel told legislators that the government will amend a mining royalty bill to cap the maximum effective tax rate at 47% of operating profit from 48%, Diario Financiero reported.

  • For companies producing less than 80,000 tons, the maximum tax burden will be 45.5%
  • The government will introduce changes to the bill before Monday to be discussed at the Senate‚Äôs finance committee Tuesday

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