Peru Mining Industry Fiscal Regime Analysis Including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2023 Update

Peru Mining Industry Fiscal Regime Analysis Including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2023 Update

Summary

GlobalData's Peru Mining Industry Fiscal Regime Analysis Including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2023 Update provides a comprehensive analysis of the mining sector in Peru, focusing on key aspects such as governing bodies, laws and regulations, governance frameworks, and sustainability practices. The report also includes mining related taxes and royalties.

The Peruvian mining industry is governed and regulated by several authorities, which focus on aspects such as administration, environment, health and safety. The chief agencies include: the Ministry of Energy and Mines, Geological Mining and Metallurgical Institute, Ministry of Environment (MINAM) and Supervisory Organization of Investment in Energy and Mining (OSINERGMIN).

The mining industry in Peru is regulated by laws such as the General Mining Law, Mining Canon Law, Law Regulating Environmental Liabilities of Mining and the General Law of the Environment. Mining license holders are required to pay Mining Concession Fees every year and satisfy the minimum production criteria, failing which can attract penalties and may result in the extinction of rights. There are provisions of tax incentives, tax loss relief and capital allowances, which can be used by mining entities based on the fulfilment of certain conditions.

Scope

• The report focuses on the mining fiscals' key aspects such as governing bodies, laws and regulations, governance frameworks, and sustainability practices. The report also includes mining related taxes and royalties.

Reasons to Buy

• To help businesses navigate the complexities and comply with the necessary requirements
• To enable stakeholders to make informed decisions by understanding the current state of the mining sector in Peru
• To help evaluating the level of accountability and stability within the industry
• To help evaluate and manage potential challenges effectively
• To understand country's overall mining fiscal landscape
• To provide valuable insights for stakeholders, policymakers, and investors in understanding the dynamics and potential of the country's mining industry
• To help businesses understand challenges and proactively develop risk mitigation strategies