Chile's Ministry of Finance has issued a release announcing the presentation of a significantly revised proposal for a new tax (royalty) regime for copper mining. As previously reported, a proposal was announced in July 2022 together with a broader tax reform package. The original proposal included two components with rates that will be adjusted considering the price of copper:
- an ad valorem component (tax on sales) that will range between effective rates of 1% and 2% for producers of betwe…