RESPUESTAS DE POLÍTICA TRIBUTARIA MINERA AL COVID-19

The document outlines criteria for identifying mining companies in genuine financial distress and proposes specific short-term tax relief options, such as payroll tax deferrals and VAT credit acceleration. It emphasizes that aid should be conditional on maintaining employment and canceling dividends, and explicitly warns against granting income tax exemptions or removing withholding taxes for non-residents.

• Tax relief should be targeted at companies that can demonstrate severe financial hardship, such as negative project cash flows, significant drops in mineral market prices, or closures due to quarantine, rather than being applied uniformly across the sector.
• Governments providing financial assistance should impose strict conditions on recipient companies, including the maintenance of staff at normal salaries, the freezing of executive bonuses and pay raises, and the cancellation of shareholder dividend payments.
• Recommended short-term fiscal relief measures include the deferral or exemption of payroll taxes, accelerating VAT credit refunds, exempting import duties on health-related equipment, and allowing immediate deductions for health-related capital expenditures.
• Mining royalty exemptions should be used only as a last resort for projects whose viability is threatened by commodity price drops, potentially in exchange for increased state equity or as debts to be repaid.
• Certain measures are explicitly advised against: income tax exemptions are deemed inappropriate for companies that are profitable enough to pay taxes, and withholding taxes on non-residents should be maintained, especially in developing countries with limited resources.

APA

International Institute for Sustainable Development (2020). RESPUESTAS DE POLÍTICA TRIBUTARIA MINERA AL COVID-19. https://www.iisd.org/system/files/publications/mining-tax-policy-covid-19-key-points-es.pdf

Chicago

International Institute for Sustainable Development. RESPUESTAS DE POLÍTICA TRIBUTARIA MINERA AL COVID-19. 2020. https://www.iisd.org/system/files/publications/mining-tax-policy-covid-19-key-points-es.pdf.

Wikipedia

{{cite report |author=International Institute for Sustainable Development |title=RESPUESTAS DE POLÍTICA TRIBUTARIA MINERA AL COVID-19 |date=2020 |url=https://www.iisd.org/system/files/publications/mining-tax-policy-covid-19-key-points-es.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{internationalinstituteforsustainabledevelopment2020respuestas, author = {{International Institute for Sustainable Development}}, title = {{RESPUESTAS DE POLÍTICA TRIBUTARIA MINERA AL COVID-19}}, institution = {International Institute for Sustainable Development}, year = {2020}, url = {https://www.iisd.org/system/files/publications/mining-tax-policy-covid-19-key-points-es.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }