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Peru Will Not Create A New Mining Tax, Finance Minister Says

Oct. 28, 2021, 5:15 PM

Peru will not create a new mining tax but would seek a tax increase on higher mining operating profits, Finance Minister Pedro Francke said at a press conference.

  • Francke said he expects a reduction in tax benefits for the wealthiest and for them to pay a higher tax
  • Peruvians with an income above 300,000 soles a year will pay more tax, he said
  • Francke expects to increase tax revenue by 1.5% of GDP
  • Francke expects to impose taxes on yachts
  • Peru created a court for tax crimes: Francke
  • NOTE: Peru Govt Asks Congress for Special Powers to Legislate on Taxes ...

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