Second National Reconcilation Study EITI Peru - unofficial…

Consultoría para la Elaboración del Segundo Estudio Nacional de
Conciliación de la Iniciativa de Transparencia para las Industrias
Extractivas (ITIE) en el Perú (2008 – 2010) (continuación)
IV.2. Mining Royalties
1. General Aspects
1.1 Concept
Mining Royalties constitute statutory economic contributions. Title owners or mining
concessionaires are obligated to make monthly payments to the State for the right to exploit
metallic and non-metallic resources. This contribution has been in effect since June 2004.
The mining royalty is paid on the gross value of sales of concentrates or their equivalent according
to metal prices in the international market, which are published on a monthly basis by MEF. Gross
value is understood as the amount resulting from multiplying unit prices for the unit of measure for
the mineral by the total amount of mineral sold, without including taxes or others that affect the total
amount billed.
1.2. Legal Basis in place during the periods included in the Study
- Ley 28258 - Ley de Regalía Minera (published on June 4, 2004).
- Ley 28323 – Law that modifies Ley N° 28258, Ley d e Regalía Minera (published on August
10, 2004).
- D.S. 157-2004-EF – Reglamento de la Ley N° 28258, L ey de Regalía Minera (published on
November 15, 2004)
- D.S. 018- 2005-EF – Special measures to complement the Reglamento de la Ley de
Regalía Minera (published on January 29, 2005).
- Ministerial Resolution 163-2006-EF-15 – Approves the reference exchange rate of the year
1.3. Participants
2006 for taxpayers subject to the Mining Royalty and whose accounting is in national
currency (published on March 23, 2006).
- Taxpayers: Mining companies in the exploitation stage.
- Collections agents: MEF, SUNAT.
- Distributors: DGDFAS - MEF (formerly DGAES – MEF), PCM, DGTP – MEF.
1.4. Calculation Base
The calculation base or reference base for the mining royalty payment for the mineral extracted by
mining concessions during the exploitation phase will be the difference between:
(a) The gross value of sales of concentrate or its equivalent or mining component if the same
constitute products that will be commercialized or in the absence of the same, the gross
value declared by the owner (which will not be less than the duly justified market value).
Integrated companies (those that transform the extract resource into a processed good for
subsequent commercialization) will pay the equivalent of the gross value of final product
sales.
(b) The total of duties, indirect taxes, insurance, transportation costs, storage, shipping and
unloading as well as other costs or expenses assumed by the exporter and contracted under
Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú
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