Mexico's Increased Mining Royalties Could Deter $7 Billion In Foreign Investments
Mexico's Increased Mining Royalties Could Deter $7 Billion In Foreign Investments
In 2021, an The Mexican Ministry of Finance (SHCP) has proposed raising mining royalties in the 2025 federal budget bill. The proposal suggests increasing two key taxes on mining activities, which is at a risk to the sector and the country's economy.
墨西哥財政部（SHCP）提議在2025年聯邦預算案中提高採礦業稅率。該提案建議提高對採礦活動的兩項關鍵稅收，這對該行業和國家經濟構成風險。
What Happened? The SHCP plans to raise the special tax on mining profits from 7.5% to 8.5% and the extraordinary tax on revenues from the sale of gold, silver, and platinum from 0.5% to 1%. The Ministry justifies the hike by citing rising global metal prices and the nature of those assets.
發生了什麼？財政部計劃將對採礦利潤的特別稅率從7.5%提高到8.5%，並將對黃金、白銀和鉑金銷售收入的特別稅率從0.5%提高到1%。該部門稱此次提高是因爲全球金屬價格上漲和這些資產的性質。
"Considering that minerals and substances from the subsoil are non-renewable public domain assets, it is proposed to increase the special and extraordinary rights on mining," the SHCP stated in the bill per bnamericas. The Ministry projects that the additional revenues will be allocated to government programs and projects, though specific details were not disclosed.
「考慮到地下礦藏中的礦物和物質屬於不可再生的公共領域資產，建議增加對採礦的特別稅和特別權利。」財政部在該預算案中如是說。該部門預計額外收入將用於政府項目和計劃，儘管具體細節未透露。
In 2021, an International Monetary Fund working paper by Alpha Shah explored Mexico's mining tax regime, concluding it was less burdensome than in many comparable nations. Shah's findings pointed out that there is room to increase the overall tax burden on mining while still maintaining competitiveness. The paper suggested a balanced redesign to boost the government's share of resource rents while ensuring the sector remains an attractive investment destination.
2021年，國際貨幣基金組織的一份由Alpha Shah撰寫的工作文件探討了墨西哥的採礦稅收制度，得出的結論是相對於許多可比國家，墨西哥的稅收負擔較輕。Shah的調查結果指出，雖然有提高對採礦的整體稅收負擔的餘地，但仍需保持競爭力。該文件建議實施平衡的重新設計，以增加政府對資源租金的份額，同時確保該行業仍然是一個有吸引力的投資目的地。
Why It Matters? Mining is important to Mexico's economy, contributing 2.5% to GDP and supporting 400,000 direct jobs. The country is the world's leading silver producer and a major supplier of gold and copper. However, with increasing global competition, Mexico could struggle to attract new investments under a higher tax regime.
爲什麼重要？採礦對墨西哥經濟至關重要，對GDP貢獻2.5％，支持40萬直接就業。該國是全球領先的白銀生產國，是金和銅的主要供應國。然而，隨着全球競爭日益激烈，墨西哥在更高的稅收制度下可能難以吸引新的投資。
The country needs significant investment to bolster its mining sector, which has already seen declining fiscal contributions. These contributions fell 32% in 2023, further underlining the need for a balanced approach to taxation. Furthermore, bnamericas noted that industry experts warned the proposed increases could discourage nearly $7 billion in mining investments by 2025, particularly as companies face other challenges, such as reduced concession terms and stricter water-use permits.
該國需要大量投資來增強其採礦行業，該行業已經看到貢獻度下降。這些貢獻在2023年下降了32％，進一步凸顯了對稅收採取平衡方法的必要性。此外，bnamericas指出，行業專家警告稱，擬議中的增長可能會導致到2025年幾乎70億美元的採礦投資減少，尤其是在企業面臨其他挑戰的情況下，如減少的特許權期限和更嚴格的用水許可。
While the proposed taxes aim to capture more value from the mining sector, they may also reduce Mexico's appeal compared to peers like Chile, Peru, and Canada. These countries offer competitive tax regimes and have become increasingly attractive destinations for mining investment.
雖然擬議中的稅收旨在從採礦板塊獲取更多價值，但也可能降低墨西哥相較智利、秘魯和加拿大等同行的吸引力。這些國家提供競爭性稅收制度，已成爲採礦投資日益吸引人的目的地。
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譯文內容由第三人軟體翻譯。
