AMENDMENT TO THE REGULATION OF THE SPECIFIC SYSTEM OF TAXATION AND TAX BENEFITS FOR MINING ACTIVITY

Decree No. 76/2022 of December 30, 2022 (hereinafter the "New Decree") entered into force on January 1, 2023, amending the Regulations of the Specific Regime for Taxation and Tax Benefits for Mining Activities approved by Decree No. 28/2015 of December 28, 2015 (hereinafter the "Previous Decree").

This amendment partially covers articles 4, 7, 8, 11, 15 and 28 of the Previous Decree, with respect essentially to the Mining Production Tax, Surface Tax and Corporate Income Tax, also introducing a new provision that confers advantage of reduction of accounting procedures, to taxable persons.

The following are reported as relevant aspects, to be taken into account by taxpayers under the New Decree, and for the purposes of each tax: 

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