lördag 21 september 2013

Skattehöjningen för PM bolagen i Mexiko

7.5% ytterligare skatt på EBITDA samt bruttoskatt på försäljningen av guld och silver om 0.5%.

Det uttalade målet är att ersätta skattebortfall från det misskötta nationella oljebolaget.

Siffrorna ovan är en klar försämring gentemot vad som tidigare diskuterats men man skulle kunna säga att det ändå är en rimlig lösning då man främst beskattar kassaflöde snarare än bruttoinkomst.

Frågan är hur mycket av denna kraftiga skattehöjning som är inprisad i bolagen. I mångt och mycket handlar det ju närmast om att man sparkar på den som redan ligger ned....

Plans to impose additional taxes on Mexico's mining sector will have a major impact on the industry and harm investment, Héctor García, mining tax partner at PwC, told BNamericas.

The tax reform bill, presented by the PRI government, proposes an additional 7.5% tax on sales from mining activities, minus certain deductions permitted under income tax rules, and a 0.5% tax on gross revenues of gold, silver and platinum production.

The impact of the taxes "will be very dramatic, not only because the rate is very high, but also because of the formula of the calculations, which is not fair," García said, with depreciation and accumulated losses non-deductible.

TAXES ALREADY HIGH
Taxes currently paid by mining companies in Mexico are already "very high" compared to other jurisdictions, he added, including 30% income tax, 10% for profit sharing agreements with workers and per-hectare fees charged on mining concessions.

The effect of the additional proposed taxes will be a reduction of mining companies' profits and investors "hesitating to invest" in the sector, García said.

The 7.5% tax is expected to replace the 5% royalty proposals which were due to be debated in the senate in the current parliamentary session, although there has been no written confirmation of this, García said.

The 5% royalty proposals, calculated on Ebitda, were approved by the lower house in April.
The tax reform bill is expected to be debated by the lower house in the coming two months.

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