Because it relies heavily on the mining sector, Bogotá was an appropriate backdrop for the first-ever training on International Taxation and the Mining Industry aimed at Latin American and Caribbean (LAC) countries, which took place from November 17 to 21, 2019. The Intergovernmental Forum on Mining, Minerals and Metals (IGF), the Organisation for Economic Co-operation and Development (OECD), the Inter-American Center of Tax Administrations (CIAT), and the University of “Externado de Colombia” joined forces to make this a reality.
More than 30 government officials from several Latin America and Caribbean countries representing tax administrations, ministries of finance and ministries of mines attended. They exchanged experiences, presented challenges and discussed issues around domestic and international taxation relating to the mining sector.
The four-day program fostered the harmonization of the knowledge level on the mining value chain and its main base erosion and profit shifting (BEPS) risks for different representatives from LAC countries at domestic and regional levels. Topics such as tax treaties, indirect transfers of mining assets, transfer pricing and mining tax incentives were discussed.
Here are some of the main takeaways:
The LAC Workshop was also an opportunity for the IGF and OECD to commit to working with Colombia in a two-year technical assistance program on mining tax policy and administration under the BEPS in Mining Program.
Originally posted on the blog of The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF): Fostering Better Mining Tax Collection: Our experience in Bogotá: Fostering Better Mining Tax Collection: Our experience in Bogotá
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