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Peruvian Presidential Candidate Proposes Increased Mining Taxation and Elimination of Tax Exemptions in Government Plan

|Proposed Changes|Peru
Peru

Peruvian presidential candidate Pedro Castillo has published his government plan, including a general overview of proposed tax measures. This includes increased taxes and royalties on the mining sector, with reference made to the Chilean proposal for a new progressive royalty on copper up to a rate of 75%. Castillo also proposes to eliminate promotional tax exemptions that are no longer necessary and to eliminate tax exemptions for companies using tax havens, along with other measures to cou…

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