Mining taxation in Colombia
This paper assesses the current Colombian mining tax and royalty regime in terms of efficiency, competitiveness and revenue performance vis-a-vis other relevant mining countries. It then discusses the convenience of introducing a Resource Rent Tax (RRT) to new mining projects (together with a reduce...
- Autores:
-
Chen, Duanjie
Perry Rubio, Guillermo Eduardo
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2014
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8538
- Acceso en línea:
- http://hdl.handle.net/1992/8538
- Palabra clave:
- Natural resources
Resource rent tax
Marginal effective tax rate
Minas - Aspectos económicos - Colombia
Minas - Tributación - Colombia
Recursos naturales - Impuestos - Colombia
H21, O13, Q38
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Chen, Duanjieef9e63cb-53e6-4805-a97f-f37f16f68f24500Perry Rubio, Guillermo Eduardo98025002018-09-27T16:54:09Z2018-09-27T16:54:09Z20141657-5334http://hdl.handle.net/1992/85381657-719110.57784/1992/8538instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This paper assesses the current Colombian mining tax and royalty regime in terms of efficiency, competitiveness and revenue performance vis-a-vis other relevant mining countries. It then discusses the convenience of introducing a Resource Rent Tax (RRT) to new mining projects (together with a reduced common royalty rate for all minerals) and simulates its potential effects on efficiency and revenue performance. In particular, the paper examines the interactions between a RRT, royalties and the Corporate Income Tax under different RRT designs, tax rates and capital return allowances. It also discusses the convenience of project by project against sectorial ring-fencing. It concludes with a blueprint for reform as well as political economy and administrative considerations for the specific case of Colombia.Este trabajo evalúa la eficiencia, competitividad y capacidad de recaudo del régimen tributario y de regalías colombiano en comparación con el de otros países mineros relevantes. Posteriormente, propone la implementación de un "Resource Rent Tax" (RRT) para proyectos mineros futuros (junto con una reducción y unificación de la tasa de regalías entre minerales) y simula el impacto que tendría éste sobre la eficiencia y el recaudo. Se examinan la interacción entre el RRT, las regalías y el impuesto de renta bajo distintos diseños y tasas de RRT y costo de oportunidad del capital. También se analiza si es preferible tener "ring-fencing" a nivel de proyecto o a nivel sectorial. El trabajo concluye con una propuesta de reforma junto con consideraciones administrativas y políticas para una exitosa implementación.62 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 49 Diciembre de 2014https://ideas.repec.org/p/col/000089/012562.htmlMining taxation in ColombiaTributación minera en ColombiaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPNatural resourcesResource rent taxMarginal effective tax rateMinas - Aspectos económicos - ColombiaMinas - Tributación - ColombiaRecursos naturales - Impuestos - ColombiaH21, O13, Q38Facultad de EconomíaPublicationORIGINALdcede2014-49.pdfdcede2014-49.pdfapplication/pdf659085https://repositorio.uniandes.edu.co/bitstreams/a01f172d-f4ce-4d34-b4e7-a6a827f66c76/download69daf2974c225793f7e0f3d98d12695eMD51TEXTdcede2014-49.pdf.txtdcede2014-49.pdf.txtExtracted texttext/plain138554https://repositorio.uniandes.edu.co/bitstreams/07108180-5677-49f5-87ef-93542b74f5f4/downloada5f0c2f6676811b311bcdfb71ecfbe66MD54THUMBNAILdcede2014-49.pdf.jpgdcede2014-49.pdf.jpgIM Thumbnailimage/jpeg7781https://repositorio.uniandes.edu.co/bitstreams/586edb41-aa39-46e1-bb80-274c1c846446/download61acc7b6017cc66e7dd257d66bc24401MD551992/8538oai:repositorio.uniandes.edu.co:1992/85382024-06-04 15:10:30.424http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
| dc.title.none.fl_str_mv |
Mining taxation in Colombia |
| dc.title.alternative.none.fl_str_mv |
Tributación minera en Colombia |
| title |
Mining taxation in Colombia |
| spellingShingle |
Mining taxation in Colombia Natural resources Resource rent tax Marginal effective tax rate Minas - Aspectos económicos - Colombia Minas - Tributación - Colombia Recursos naturales - Impuestos - Colombia H21, O13, Q38 |
| title_short |
Mining taxation in Colombia |
| title_full |
Mining taxation in Colombia |
| title_fullStr |
Mining taxation in Colombia |
| title_full_unstemmed |
Mining taxation in Colombia |
| title_sort |
Mining taxation in Colombia |
| dc.creator.fl_str_mv |
Chen, Duanjie Perry Rubio, Guillermo Eduardo |
| dc.contributor.author.none.fl_str_mv |
Chen, Duanjie Perry Rubio, Guillermo Eduardo |
| dc.subject.keyword.none.fl_str_mv |
Natural resources Resource rent tax Marginal effective tax rate |
| topic |
Natural resources Resource rent tax Marginal effective tax rate Minas - Aspectos económicos - Colombia Minas - Tributación - Colombia Recursos naturales - Impuestos - Colombia H21, O13, Q38 |
| dc.subject.armarc.none.fl_str_mv |
Minas - Aspectos económicos - Colombia Minas - Tributación - Colombia Recursos naturales - Impuestos - Colombia |
| dc.subject.jel.none.fl_str_mv |
H21, O13, Q38 |
| description |
This paper assesses the current Colombian mining tax and royalty regime in terms of efficiency, competitiveness and revenue performance vis-a-vis other relevant mining countries. It then discusses the convenience of introducing a Resource Rent Tax (RRT) to new mining projects (together with a reduced common royalty rate for all minerals) and simulates its potential effects on efficiency and revenue performance. In particular, the paper examines the interactions between a RRT, royalties and the Corporate Income Tax under different RRT designs, tax rates and capital return allowances. It also discusses the convenience of project by project against sectorial ring-fencing. It concludes with a blueprint for reform as well as political economy and administrative considerations for the specific case of Colombia. |
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2014 |
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2014 |
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2018-09-27T16:54:09Z |
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2018-09-27T16:54:09Z |
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Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://hdl.handle.net/1992/8538 |
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1657-7191 |
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10.57784/1992/8538 |
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reponame:Repositorio Institucional Séneca |
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eng |
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eng |
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Documentos CEDE No. 49 Diciembre de 2014 |
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https://ideas.repec.org/p/col/000089/012562.html |
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62 páginas |
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application/pdf |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes, Facultad de Economía, CEDE |
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