Chile Tax Agency Issues Resolution Establishing Income Tax Rates for Mining Income

The Chilean Internal Revenue Service April 1 issued Resolution No. 48, establishing income tax rates for income from specified mining activity. The resolution includes measures: 1) setting single tax rates, from March 1, 2026, through Feb. 28, 2027, for small artisanal miners for both gold and silver, of 1 percent, 2 percent, and 4 percent, based on the international price in U.S. dollars per troy ounce; and 2) setting tax rates, for tax year 2026, for miners other than small artisanal miners, public limited companies, limited partnerships, or other specified miners, for gold, silver, and combinations thereof with copper, of ...