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Latest News in Peru / Archive
Economy | 15 September, 2009 [ 17:03 ]
LivinginPeru.com
Isabel Guerra
According to Peru21, over the past two years (2006-2008), mining companies have spent a total of S/. 24.247 billion in income taxes.
These statistics show that the mining sector is the principal contributor of income to the country of Peru.
However, the mining industry also suffered under the impact of the global financial crisis, which caused a fall in the prices of minerals.
Some minerals lost over 50 percent of their value due to the crisis.
Mining corresponds to 6.4% of Peru’s GDP, and 59% of the country’s total exports.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining companies in Peru pay more than S/. 24 billion in income taxes
LivinginPeru.com
Isabel Guerra
According to Peru21, over the past two years (2006-2008), mining companies have spent a total of S/. 24.247 billion in income taxes. These statistics show that the mining sector is the principal contributor of income to the country of Peru.
However, the mining industry also suffered under the impact of the global financial crisis, which caused a fall in the prices of minerals.
Some minerals lost over 50 percent of their value due to the crisis.
However, with the amount of income taxes the mining industry paid in 2008 (S/. 6.868 billion), six governmental ministries (Health, Environment, Woman and Social Development, Justice, Production, and Work and Employment Promotion) would have all their expenses paid.
Mining corresponds to 6.4% of Peru’s GDP, and 59% of the country’s total exports.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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