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Chile to Increase Taxation of Copper, Lithium, and Other Metals

|Proposed Changes|Chile
Chile

Chile's Chamber of Deputies (lower house of Congress) has reportedly approved a draft bill providing for the introduction of a new base rate royalty of 3% on copper and lithium sales, as well as other metals. Further, an additional progressive tax on copper has been approved based on copper prices. This includes a lower rate of 15% where prices are between USD 2.00 to 2.50 per pound up to a top…

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