{"id":1700,"date":"2022-11-15T12:00:00","date_gmt":"2022-11-15T15:00:00","guid":{"rendered":"https:\/\/bye.nexsa.cl\/nuevas-modificaciones-al-proyecto-de-ley-royalty-minero\/"},"modified":"2026-10-06T22:17:21","modified_gmt":"2026-10-07T01:17:21","slug":"amendments-to-the-mining-royalty-draft","status":"publish","type":"post","link":"https:\/\/www.bye.cl\/en\/nuevas-modificaciones-al-proyecto-de-ley-royalty-minero\/","title":{"rendered":"Amendments to the \u201cMining Royalty\u201d draft"},"content":{"rendered":"<p>On October 25, 2022, the Government submitted <strong>new indications to the Mining Royalty draft<\/strong>, giving this new name to the bill, among other modifications; and which contemplates its entry into force on <strong>January 1, 2024<\/strong>.<\/p>\n<p>The Government\u2019s proposal <strong>replaces the current specific tax on mining<\/strong>with a new tax based on two components: an ad-valorem component and another component on <strong>the mining margin<\/strong> y otro componente sobre el <strong>margen minero<\/strong>. Together, these components will make up the so-called Mining Royalty to which mining operators will be subject.<\/p>\n<ul>\n<li>Ad-valorem <strong>the mining margin<\/strong>component: Mining operators whose copper sales exceed the equivalent of 50,000 metric tons of fine copper (TMCF) per year will be subject to this component.<\/li>\n<li>Ad-valorem<strong> sobre el margen minero<\/strong>component: Mining operators whose annual sales exceed 12,000 TMCF will be subject to the tax, with different formulas for determining the tax according to sales and ore sold.<\/li>\n<\/ul>\n<p>See all the details in the document written by our team <a href=\"https:\/\/mcusercontent.com\/96fdd53e12a9e8bf5a952f18f\/files\/3272fac0-84d3-abec-a715-db26b1d587aa\/Newsletter_Indicaciones_Royalty_a_la_Miner%C3%ADa.02.pdf\">here<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>On October 25, 2022, the Government submitted new indications to the Mining Royalty draft, giving this new name to the bill, among other modifications; and which contemplates its entry into force on January 1, 2024.<\/p>","protected":false},"author":1,"featured_media":1701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bye_card_image":0,"_bye_lawyers":[],"_bye_areas":[],"_bye_document":0,"_bye_document_url":"","_bye_document_label":"","_bye_old_id":19643,"_bye_old_path":"\/nuevas-modificaciones-al-proyecto-de-ley-royalty-minero\/","_bye_translation":"https:\/\/www.bye.cl\/amendments-to-the-mining-royalty-draft\/?lang=en","footnotes":""},"categories":[1],"tags":[],"tipo_publicacion":[7],"industria":[],"class_list":["post-1700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"_links":{"self":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/comments?post=1700"}],"version-history":[{"count":0,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts\/1700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/media\/1701"}],"wp:attachment":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/media?parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/categories?post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/tags?post=1700"},{"taxonomy":"tipo_publicacion","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/tipo_publicacion?post=1700"},{"taxonomy":"industria","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/industria?post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}