Second National Reconcilation Study EITI Peru - unofficial…

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Consultancy for the Second National Reconciliation Study of the Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010) (Continuation) VII.4.2. Gas canon – Income Tax SUNAT communicates to DGDFAS - MEF (former DGAES-MEF) on an annual basis the annual Income Tax amount reported by gas companies. DGDFAS - MEF (former DGAES-MEF) determines 50% of such amount for distribution thereof to local and regional governments. Considering that the universe of company signed up to the Second Study is smaller than the total companies of Consorcio Camisea, which makes up 100% of the companies that pay the gas canon, we have recalculated the amount to be distributed by the companies signed up to the Second Study and compared it to the totals officially distributed by PCM , verifying that PCM amounts are higher than the recalculated figures. It should be noted that as baseline information for this recalculation, we have used the information on income tax collected shown in Section VI.1 Income Tax. Consultancy for the EITI Peru Multi-Sector Permanent Working Committee 138
Consultancy for the Second National Reconciliation Study of the Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010) (Continuation) VII.4.3 Gas Canon Distribution - Income Tax Company Year 2008 Currency Total Collected (1) Consultancy for the EITI Peru Multi-Sector Permanent Working Committee 50% Collected IT Recalculated only for EITI Peru Second Reconciliation Study Regional Local government government 75% 25% Repsol Exploration Perú, Peru Division S/ 870,574 435,287 326,465 108,822 Sonatrach Perú Corporation S.A.C S/ 18,076,407 9,038,203 6,778,652 2,259,551 Total aggregated companies S/ 186,623,391 93,311,696 69,983,772 23,327,924 Distributed by PCM Local government 75% Regional government 25% TOTAL 205,570,372 102,785,186 77,088,889 25,696,297 79,698,289 26,566,097 97% 97% NOTES 1. Based on amounts collected according to the Summary of Income Tax collection for companies subject to payment of gas royalties on Income Tax. Amounts in US dollars were converted to Peruvian New Soles at the exchange rate of S/ 2.926). Company Year 2009 Currency Total Collected (1) 50% Collected IT Recalculated only for EITI Peru Second Reconciliation Study Regional Local government government 75% 25% Repsol Exploration Perú, Peru Division S/ 512,144 256,072 192,054 64,018 Sonatrach Perú Corporation S.A.C S/ 40,696,210 20,348,105 15,261,079 5,087,026 Total aggregated companies S/ 245,951,305 122,975,653 92,231,739 30,743,913 Distributed by PCM Local government 75% (2) Regional government 25% (2) TOTAL 287,159,659 143,579,830 107,684,872 35,894,957 112,639,422 37,546,474 NOTES 96% 96% 1. Based on amounts collected according to the Summary of Income Tax collection for companies subject to payment of gas royalties on Income Tax. Amounts in US dollars were converted to Peruvian New Soles at the exchange rate of S/ 3.012). 139
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Product 3: Final Report Second Nati
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Lima, 13 December 2011 Mr José Lui
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Contents Executive Summary 9 I. Aim
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2.2.3. Establishing the distributio
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Consultancy for the Preparation of
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Consultoría para la Elaboración d
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