Second National Reconcilation Study EITI Peru - unofficial…

2.2.3. Establishing the distribution indices 66
2.2.4 Exchange rate 66
2.2.5 Transfer of the gas canon 67
IV.5 Validity right 69
1. General features 69
1.1. Payment 69
1.2. Legal basis in force during the periods included in the Study 69
1.3. Participants 70
1.4. Calculation basis 70
1.5. Frequency 70
1.6. Use 70
2. Implementation of the procedure of collecting and distributing the validity
rights 70
2.1. Collection 70
2.2. Distribution 71
2.2.1 Area of influence 71
2.2.2 Distribution criteria 72
2.2.3 Establishing the distribution indices 72
2.2.4 Exchange rate 72
2.2.5 Transfer of the validity rights 73
2.3 Diagram showing the procedure for collecting and distributing the
validity rights 74
V. Final summary of the outcomes of the Second Reconciliation Study regarding collection 75
V.1. Final summary of the Second Reconciliation Study regarding income tax 79
V.2. Final summary of the Second Reconciliation Study regarding mining and
hydrocarbons royalties 80
V.3. Final summary of the Second Reconciliation Study regarding validity rights 81
VI. Breakdown of the outcomes of the Second Reconciliation Study regarding collection 82
VI.1. Income tax 85
VI.2. Mining royalty 92
VI.3. Hydrocarbons royalties 96
VI.4. Validity rights 100
VII. Breakdown of the final outcomes of the Second Reconciliation Study regarding distribution 107
VII.1. Mining canon 107
VII.2. Mining royalty 115
VII.3. Oil canon and sobrecanon (royalty surtax) 120
VII.4. Gas canon 137
VII.4.1 Gas canon - gas royalty 137
VII.4.2. Gas canon – income tax 143
VII.4.3 Distribution of the gas canon – income tax 144
VII.5. Validity rights 146
VIII. Conclusions and final recommendations regarding the Second National Reconciliation Study
of EITI Peru 160
VIII. 1 Conclusions 160
VIII. 1.2 Conclusions of the Reconciliation Study regarding revenues collected by
State institutions and sums distributed at central, regional and local level 161