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December 13, 2021
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MEF plans to raise the tax burden of the mining sector by up to 4 points, after receiving an analysis from the IMF

MEF plans to raise the tax burden of the mining sector by up to 4 points, after receiving an analysis from the IMF

The Minister of Economy and Finance,He pointed out that, after receiving the analysis from the International Monetary Fund (IMF), they will raise the tax burden on the mining sector by 3 or 4 points.

“One of the things that says [el FMI] is that Peru’s tax burden in the mining sector is 41.7%, in Chile 47.1%, in Brazil 47.9%, in Canada 49.9%, in Mongolia 55.2%, in Congo 70.7%. There is space”, indicated in dialogue with Punto Final.

“The IMF says turn it up, but don’t go too far to maintain competitiveness with other countries. 47% is a maximum margin. We are raising 3 or 4 points, within the global tax burden “added.

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The head of the MEF pointed out that they still cannot share the IMF’s analysis with the public, since the multilateral must follow an internal authorization process.

Changes in the cabinet?

Francke also referred to rumors about possible changes in the cabinet if Congress decides not to delegate powers in tax matters.

“The president and the prime minister have all the power to make changes in the cabinet when they see fit. One serves the state until when in the global political scheme it is reasonable for the head of Government “, he stressed.

“The president has been elected for five years. Whatever happens, whether I am in office or not, I will insistently defend that he must serve his five-year term “, he pointed out.

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