Practical guidance to support developing countries in accurately pricing mineral sales for the purposes of revenue collection.In the mining sector, royalties and corporate income taxes are generally based on the value of the mineral transacted. Consequently, it is critically important that any transactions involving the purchase and sale of minerals are valued correctly. Due to the frequency and scale of related-party transactions, the potential risk to tax revenues posed by transfer pricing non-compliance can be high, particularly around the value of the extracted minerals.
Authors
- Published in
- Canada
- Rights
- IISD/OECD, 2023