Through resolution NAC-DGERCGC24-00000028, the SRI establishes the conditions, procedures and percentages of income tax withholding in the commercialization of concentrates and/or metal elements, as well as in the production and commercialization of mineral substances that come from a mining concession.
The withholding percentages for marketers may be 2%, 4% and 10% and for concessionaires 1%, 3% and 7%.
As of August 1, 2024, holders of marketing licenses and mining concessions, as well as those who have entered into operating contracts, must add to the proof of sale in the “Description” or “Additional Detail” fields, the following information:
- Main and secondary Mineral Content
- Percentage payable
- Sale price
- Date of quotation of the concentrate and/or metal element
- Export Customs Declaration Number
The rules provided for in this regulatory act will not be applicable to companies considered as Large Taxpayers.
