Second National Reconcilation Study EITI Peru - unofficial…

More documents

Recommendations

Info

Consultancy for the Second National Reconciliation Study of the Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010) (Continuation) VII. Breakdown of outcomes of the Second Reconciliation Study regarding distribution VII.1. Mining Canon To verify distribution of the mining canon, a new calculation was made for: i) the mining canon amount resulting from accrued Income tax reported by companies signed-up to the initiative, ii) distribution of the amount resulting from the mining canon paid by each mining company based on the methodology described in Section IV. 1 sub-paragraph 2.2 of present report. Such recalculation has been performed to show the departments that have benefited from the mining canon for income tax reported by the companies signed up to the Study, for the following reasons: - Official information on distribution of the mining canon provided by the Presidential Office of the Council of Ministers is prepared in aggregate form and not itemizing data for each mining company in the country. - This present second Study does not involve all mining companies of the country in operattion stage, but only the companies signed up to the EITI initiative, which, in most cases, are the most representative of every mineral that they extract, as shown in Section II, sub-paragraph 2.1 of this report. Therefore, it is not possible to reconcile the distributed amounts of mining canon that were calculated in this Second Study based on the information of the companies signed up to the EITI initiative for local governments of the departments and the regional governments, and the amounts officially reported by the Peruvian State. Consequently, in consistency with the scope defined by the EITI Working Committee, which seeks to establish whether the resources from production of natural resources by extractive industries translate into income for the localities in which such natural resources are extracted, this verification of the mining canon distribution has compared the amounts to be distributed, as determined based on available information and as provided in the Mining Canon Law, to the official amounts transferred for mining canon, whereby latter amounts should be higher because they include revenue from income tax from all mining companies in Peru. Furthermore, for the purposes of present product 3, we used as data source the Income tax figures of the companies provided by the company and by SUNAT. Below we provide the result of recalculating the mining canon distribution for each year under review: 2008, 2009 and 2010, in Peruvian new soles, for each of the regions in which the mining units of the mining companies signed up to the Second Study are located. Based on obtained information on transferred mining canon amounts, comparison can be made of recalculated amounts to official figures for mining canon funds transferred to each region. Consultancy for the EITI Peru Multi-Sector Working Committee 104
Consultancy for the Second National Reconciliation Study of the Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010) (Continuation) Consultancy for the EITI Peru Multi-Sector Working Committee 105
Page 1 and 2:
Product 3: Final Report Second Nati
Page 3 and 4:
Lima, 13 December 2011 Mr José Lui
Page 5 and 6:
Contents Executive Summary 9 I. Aim
Page 7 and 8:
2.2.3. Establishing the distributio
Page 9 and 10:
Consultancy for the Preparation of
Page 11 and 12:
Consultoría para la Elaboración d
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54: Consultoría para la Elaboración d
Page 67 and 68: Consultancy for the Second National
Page 103: Consultancy for the Second National
Page 111 and 112: Consultancy for the EITI Peru Multi
Page 135 and 136: 2009 Consultancy for the Second Nat
Page 155 and 156:
Consultancy for the Second National
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
show all

Second National Reconcilation Study EITI Peru - unofficial…

Create successful ePaper yourself

Delete template?

Save as template?