Income from mining royalties fall 20% in 2014

3 junio, 2014
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The contribution to the Treasury from the major companies of the sector by way of first category tax declined 5.7%.

A 3%, to $ 12,456,000, increased taxes declared in The Income Tax 2014. However beyond these blue figures at the aggregate level, the results of the process showed a further fall in the taxation of private mining.

According to the figures, the contribution to the Treasury from the major companies in the sector by way of first category tax decreased 5.7%, equivalent to $ 103 million, while revenues for specific mining tax (royalty ) retreated 20%, corresponding to U.S. $ 119 million less. Last year, the tax declared by the sector in both assessments had already fallen 44% and 34%, respectively.

Fuente: La Tercera

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