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Daily Tax Report: International

Chile Lower House Considers of Bill to Establish Mining Royalty on Copper, Lithium (Corrected)

Feb. 27, 2020, 5:00 AM; Updated: March 4, 2020, 12:37 PM

The Chilean Chamber of Deputies Feb. 21 announced the consideration of a bill to establish a mining royalty for copper and lithium extractions. The bill includes a measure that would impose a 3 percent royalty on the nominal value of minerals extracted, with an exception for operators extracting less than 12,000 metric tons of fine copper or 50,000 metric tons of metallic lithium. [Chile, Chamber of Deputies, 02/21/20]

Reference:
View Legislative History of Bill No. 12093-08. View Bill No. 12093-08. View Announcement.

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