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)
Range ( 1 ) (%) Royalty
First Range Up to US$ 60 million
In excess of US$ 60 million and up to US$ 120
1%
Second Range million 2%
Third Range In excess of S$ 120 million 3%
(d) Companies will calculate the mining royalty for the month by deducting the value obtained
according to letter c) from the royalties that were calculated and accumulated until the end of
the previous month.
In the case of minerals whose prices are not set by international quotations, the royalty is calculated
monthly by applying 1 % to the total of the respective reference base relative to mining concessions
in the exploitation stage. Companies use the reference base in US dollars or in national currency
depending on whether or not said companies are authorized to conduct accounting in foreign
currency.
Once the mining royalty is calculated, the taxpayer presents a monthly sworn declaration (PDT
Regalía Minera – Virtual Format N° 698), which inclu des the base reference per production unit,
indicating the tonnage relative to treated mineral from their concessions.
The declaration will be presented in national currency. If companies are authorized to conduct
accounting in foreign currency, they present their declarations in US Dollars.
Payments will be made to SUNAT in national currency.
When the value is calculated in US Dollars, the amount should be converted to national currency by
using the average weighted exchange rate for sales—-- as published in the Superintendence of
Banking and Insurance on the last day of the month for which royalties are calculated. If there is no
exchange rate on this date, the exchange posted in the previous month will be used.
1 Companies that are obligated to conduct accounting in national currency will calculate their canon by using the
ranges in the table above converted into national currency. Conversion will apply the reference Exchange rate equivalent to the
average weighted sales Exchange rate from the last quarter of the previous year.
Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú
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