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)
1.5. Periodicity
1.6. Use
international commercial terms (INCOTERM) where applicable. In terms of the integrated
companies mentioned in the previous paragraph, the reference base does not include costs
of treatment, meaning direct or indirect production costs, that were incurred in the process to
extract minerals after the concentrate, its equivalent or mining component have been
obtained.
- Calculation: Monthly
- Collections: Monthly
- Distribution: Monthly
According to article 9° of Ley de Regalía Minera N° 28258, the Mining Royalty contributions
received by Regional Governments and Municipalities must be used exclusively to finance or co-
finance productive investment projects that articulate mining with economic development in the
regions to ensure sustainable development for urban and rural areas.
The resources that the universities receive are to be invested in scientific research and technology.
2. Procedure to collect and distribute the mining royalty
2.1. Collections
MEF is responsible for collecting and administering the mining royalty. Nevertheless, according to
the Ley de Regalías Mineras – Ley 28258, MEF can authorize SUNAT to exercise collections
functions.
To calculate the monthly payment for mining royalties, the taxpayers use different percentages
depending on whether the extracted mineral has an international quotation or not.
In the case of minerals with international quotations, taxpayers must do the following on a monthly
basis:
(a) Apply the reference base in US Dollars or in national currency, depending on whether or not
the taxpayer is authorized to conduct accounting in foreign currency.
(b) Add the reference base for the calendar year - from January to the month in which
calculation takes place, inclusively for concessions in the exploitation phase.
(c) Companies that authorized to conduct accounting in US Dollars according to letter a) apply
the following percentages, which have been established by law, to the value found
according to letter b):
Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú
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