Chile’s Mining Fiscal Regime: H1 2015

The Ministry of Mining and Ministry of Environment is the main authority that governs the mining industry in Chile. The Mining Code and the Organic Constitutional Law on Mining Concessions are responsible for granting mining concessions for either exploration or exploitation

Scope

GlobalData’s 'Chile’s Mining Fiscal Regime: H1 2015' report outlines the governing bodies, laws, licenses, rights and obligations and tax-related information which includes business profit tax, mining activity tax on operational mining income, municipal duty , real estate tax, stamp duty tax, capital gains tax, depreciation, withholding tax and value added tax (VAT).

Key Highlights

• The Ministry of Mining ensures the formulation of, and compliance with, mining policy, incorporating sustainability and technological innovation, to maximize the country’s economic, environmental and social development.

• The Ministry of Energy operates in collaboration with the president, and covers the governance and management of the energy sector.

• The National Service of Geology and Mining provides technical advice on geology and mining to the Ministry of Mining.

• The purpose of Organic Constitutional Law is to grant mining concessions for either exploration or exploitation.

Reasons to buy

Gain overview of Chile’s mining fiscal regime

Companies mentioned

Table of Contents

1 Executive Summary

2 The Chilean Mining Industry – Governing Bodies

2.1 Ministry of Mining

2.2 Ministry of Energy

2.3 Ministry of Environment

2.4 Chilean Copper Commission

2.5 National Service of Geology and Mining

3 The Chilean Mining Industry – Governing Laws and license

3.1 Organic Constitutional Law on Mining Concessions

3.2 Mining Code

3.3 Exploration License

4 The Chilean Mining Industry – Rights and Obligations

4.1 Rights

4.2 Obligations

5 The Chilean Mining Industry – Key Fiscal Terms

5.1 Business Profit Tax

5.2 Mining Activity Tax on Operational Mining Income

5.3 Other Taxes

5.3.1 Municipal Duty (Commercial License)

5.3.2 Real Estate Tax

5.4 Capital Gains Tax

5.5 Stamp Duty Tax

5.6 Depreciation

5.7 Withholding Tax

5.8 Value Added Tax (VAT)

6 The Chilean Mining Industry – Future Development

7 Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Secondary Research

7.4 Primary Research

7.5 Contact GlobalData

7.6 About GlobalData

7.7 GlobalData’s Services

7.8 Disclaimer

List of Tables

Table 1: The Mining Industry in Chile – Fiscal Regime Terms and Other Taxes, 2015

Table 2: The Mining Industry in Chile – Business Profit Tax (%), 2015

Table 3: The Mining Industry in Chile – Withholding Tax (%), 2015

List of Figures

Figure 1: The Mining Industry in Chile – Commodity Mines at Different Stages (Number of Mines), 2015

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