Second National Reconcilation Study EITI Peru - unofficial…
Second National Reconcilation Study EITI Peru - unofficial… Second National Reconcilation Study EITI Peru - unofficial…
VIII.1.3 Conclusions of the Reconciliation Study regarding participation of the companies signed up to the Study 161 VIII.1.4 Conclusions of the Reconciliation Study regarding levels of materiality established in the Terms of Reference of the Second National Reconciliation Study of EITI Peru 162 VIII.2 Recommendations 162 VIII.2.1 Recommendations for improving the Reconciliation process 162 VIII.2.2 Recommendations for future Reconciliation Studies in line with EITI regulations 163 IX. Data for information purposes only supplied by the EITI Working Committee in Peru 164 IX. Solidarity with the People Mining Programme (PMSP, Programa Minero de Solidaridad con el Pueblo) 165 IX.2 Oil service contract 176 X. Annexes 178
Consultancy for the Preparation of the Second National Reconciliation Study of the Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010) Executive Summary The purpose of the Second EITI-Peru National Reconciliation Study (hereafter called the 'Study') was to conduct an independent review and analysis of the payments made to the Peruvian Government by certain mining, oil and gas companies, participating voluntarily in this study, which operate on Peruvian national territory. The study also covers the revenues that various Peruvian government entities received from these extractive industry companies and also the distribution of such at central, regional and local level during the period 2008 - 2010, in compliance with the tax and non-tax obligations applicable according to the legislation in force in the country. As such, the EITI Peru Multi-Sector Permanent Committee (hereafter called the 'Working Committee' or 'Committee') decided that: 1) The outcomes of the Study must reflect the value of the payments made by the extractive industry companies signed up to the Initiative. These payments are in the form of income tax, royalties and validity rights which meet the materiality threshold set by this second Study, just as in the first EITI Study conducted in 2009. 2) The outcomes of this study must reflect the participation of the companies from the below-named subsectors which: (a) represent a share of no less than 75% of the net annual total for national mining production (b) represent a share of no less than 85% of the net annual total for national hydrocarbon production. In the case of extractive industry companies not signed up to this Initiative, the outcomes of the Second National Reconciliation Study reflect the following. (a) The aggregated total of revenues received by the Government from extractive industry companies which are not signed up to the Initiative, in the form of the tax and non-tax related obligations stated below, as a proportion of the total received by the collecting entities during the fiscal year in question: - income tax calculated by the tax payer (on the basis of sworn declarations, issued annually during the period 2008 – 2010, by the mining and hydrocarbons subsectors) - royalties corresponding to the period 2008 – 2010 (mining and oil subsectors) - validity rights corresponding to the period 2008 – 2010 (for the mining subsector only). (b) The number of companies, by subsector, with a production value exceeding an average of: - 2% of the total value of national mining production - 2% of the total value of national liquid hydrocarbons production - 1% of the total value of national production of natural gas. The scope of the Consultant's services is limited to compiling the Second National Reconciliation Study of EITI Peru in respect of the 51 companies voluntarily signed up to the Initiative. Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú 9
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VIII.1.3 Conclusions of the Reconciliation <strong>Study</strong> regarding participation of the<br />
companies signed up to the <strong>Study</strong> 161<br />
VIII.1.4 Conclusions of the Reconciliation <strong>Study</strong> regarding levels of materiality<br />
established in the Terms of Reference of the <strong>Second</strong> <strong>National</strong> Reconciliation<br />
<strong>Study</strong> of <strong>EITI</strong> <strong>Peru</strong> 162<br />
VIII.2 Recommendations 162<br />
VIII.2.1 Recommendations for improving the Reconciliation process 162<br />
VIII.2.2 Recommendations for future Reconciliation Studies in line with <strong>EITI</strong><br />
regulations 163<br />
IX. Data for information purposes only supplied by the <strong>EITI</strong> Working Committee in <strong>Peru</strong> 164<br />
IX. Solidarity with the People Mining Programme (PMSP, Programa Minero de Solidaridad<br />
con el Pueblo) 165<br />
IX.2 Oil service contract 176<br />
X. Annexes 178
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