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Peru's Mining Fiscal Regime 2019

  • ID: 4848898
  • Report
  • August 2019
  • Region: Peru
  • 22 pages
  • GlobalData
1h Free Analyst Time

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Peru's Mining Fiscal Regime 2019

Summary

The “Peru's Mining Fiscal Regime 2019” report outlines the governing bodies, governing laws, mining licensing, taxes and royalties in the Peruvian mining sector.

Peru is rich in minerals and a major producer of base and precious metals. The Peruvian mining industry plays a significant role in the country’s economic development. In 2018, GDP contribution from the industry stood at US$20.3bn, accounting for over 12% of total GDP.

The industry is governed and regulated by several authorities, which focus on aspects such as administration, environment, health, and safety. Some of the chief agencies include Ministry of Energy and Mines, Geological Mining and Metallurgical Institute, Supervisory Organization of Investment in Energy and Mining, and Organization of Supervision and Environmental Assessment. The mining industry in Peru is regulated by laws such as General Mining Law, Mining Canon Law, Law Regulating Environmental Liabilities of Mining, and the General Law of the Environment.

Scope
  • The report outlines the governing bodies, governing laws, various mineral licenses, taxes and royalties.
Reasons to Buy
  • Obtain up-to-date information on mining sector taxes and payments
  • Conduct analysis to mitigate the impact of regulatory changes
  • Understand the regulatory framework
  • Gain an overview of the mining industry structure by identifying Peru's mining governing bodies, major laws and licenses
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1 Table of Contents
1.1 List of Tables
1.2 List of Figures

2 Executive Summary

3 Peru’s Mining Fiscal Regime - Country Overview
3.1 Macroeconomic Performance
3.2 Ease of Doing Business
3.3 Corruption Index
3.4 Minerals Overview

4 Peru’s Mining Fiscal Regime - Governing Bodies
4.1 Ministry of Energy and Mines (MINEM)
4.2 Geological Mining and Metallurgical Institute
4.3 Ministry of Environment (MINAM)
4.4 Supervisory Organization of Investment in Energy and Mining
4.5 Organization of Supervision and Environmental Assessment

5 Peru’s Mining Fiscal Regime - Laws and Regulations
5.1 General Mining Law
5.2 Mining Canon Law
5.3 Law Regulating Environmental Liabilities of Mining
5.4 General Law of the Environment
5.5 Mining Rights and Fees

6 Peru’s Mining Fiscal Regime - Taxes and Royalties
6.1 Corporate Income Tax
6.2 Tax Loss Relief
6.3 Tax on Capital Gains
6.4 Capital Allowances
6.4.1 Business Expenses
6.4.2 Tax Depreciation
6.4.3 Pre-operative Costs
6.4.4 Development Costs
6.5 Modified Mining Royalty (MMR)
6.6 Special Mining Tax (SMT)
6.7 Special Mining Burden (SMB)
6.8 Value Added Tax (VAT)
6.9 Withholding Taxes
6.9.1 Dividends
6.9.2 Interests
6.9.3 Royalties
6.10 Tax Incentives
6.10.1 Under the Foreign and Private Investment Legislation
6.10.2 Under the General Mining Law:
6.11 Tax Treaties

7 Appendix
7.1 Abbreviations
7.2 Methodology
7.3 Coverage
7.4 Secondary Research
7.5 Contact Us
7.6 Disclaimer

List of Tables
Table 1: Peru’s Mining Fiscal Regime - Key Taxes and Royalty Rates, 2019
Table 2: Peru’s Mining Fiscal Regime - Ease of Doing Business, Global Ranking, 2018-2019
Table 3: Peru’s Mining Fiscal Regime - Mining Rights
Table 4: Peru’s Mining Fiscal Regime - Concession Fees, 2019
Table 5: Peru’s Mining Fiscal Regime - Maximum Depreciation Rates under General Tax Rule, 2019

List of Figures
Figure 1: Peru’s Mining Fiscal Regime - Country Overview, 2019
Figure 2: Peru’s Mining Fiscal Regime - Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001 - 2018
Figure 3: Peru’s Mining Fiscal Regime - Mineral Exports and Mining Investments, 2015-2018
Figure 4: Peru’s Mining Fiscal Regime - Ease of Doing Business, Global Ranking, 2018-2019
Figure 5: Peru’s Mining Fiscal Regime - Corruption Perception Index Rank, 2014-2018
Figure 6: Peru’s Mining Fiscal Regime - EoDB and CPI Ranking
Figure 7: Peru’s Mining Fiscal Regime - Minerals Production Trends, 2011 - 2018
Figure 8: Peru’s Mining Fiscal Regime - Mines/Projects by Commodity and Stage, 2019
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