The most important Latin American countries in the mining sector have increased tax burdens on the industry. In an interview with Bnamericas, our partner and head of the Tax area, Paulo Honório, explains that “in addition to not providing any specific tax benefit for mining, Brazil has just proposed a new duty, the so-called selective tax of up to 1% on the extraction of iron ore.” According to the article, tax incentives could be a determining factor for Latin America to unlock its full mining potential, given that the tax structure of mining jurisdictions plays a crucial role in the development of projects to support the energy transition. The content also covers details of the scenario in Latin America and the investments needed. Read the full article by accessing (LINK).
