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MEF rules out new taxes on mining: “There will be no tax modifications”

MEF rules out new taxes on mining: “There will be no tax modifications”

At the closing of Perumin 2023, the Minister of Economy and Finance, Alex Contreras, assured that there will be no new taxes on mining. “There will be no tax modifications to the sector. The changes to increase collection will be based on combating informality, expanding the tax base and significantly improving public spending,” she commented.

Likewise, he specified that, in favor of extractive activity, “they will give more push” to all productive stages; For this, the announced Digital Single Window and the optimization of the regulatory framework so that procedures are not so long.

Mining hub in the south

Contreras Miranda recalled that mining covers 11% of GDP and total investment, respectively, added to the fact that in the last 20 years exports grew 14 times.

Along these lines, he celebrated that, from Perumin, a portfolio of more than US$50 million is estimated in projects “that we can all carry out.”

“We are committed to mining and as MEF, giving them predictability is important (…) We are working to create a mining hub in the south so that public investment complements private investment. For this reason, in (the Public Budget) 2024, they were allocated more than one billion soles for 37 municipalities in the southern zone,” he pointed out.

Source: Larepublica

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