The Internal Revenue Service (SRI) of Ecuador together with the Inter-American Center of Tax Administrations carried out in the city of Quito last October 03, 04 and 05 an international seminar which main topic was: “Tax Control for the Metal Mining Sector “.

The event was opened with the words of the International Cooperation Coordinator of Inter-American Center of Tax Administrations (CIAT), the Director of Fiscal Studies Center of Ecuador, and the National Director of the SRI Tax Management who stressed the importance that the metal mining has for the region and the important role played by CIAT and SRI to generate environments for discussion of best practices and experiences between Tax Administrations of member countries.

The seminar was attended by 120 participants from the Tax Administrations of Argentina, Colombia, Kenya, Guatemala, Nicaragua, Peru and Dominican Republic and most of the Internal Revenue Service of Ecuador and other national government agencies related to the subject, delegates from ministries, prosecutors, regulatory agencies and control mining.

The seminar included distinguished international panelists from the National Customs and Tax Administration of Peru, María del Pilar Miranda; the Tax and Customs DIAN of Colombia, Mr. Marco Antonio Gonzalez Roa; Mrs. Ann Irungu Nyaguthii of Kenya Revenue Authority; and Mr. Luis Enrique Libby, Directorate General of Revenue, Nicaragua. It also had the distinguished participation via videoconference of Diana Maria Guterman and Julián María Coronel from the Public Revenues Federal Administration of Argentina. The outstanding speeches of Dr. Elisa Moran from the Ministry of Non-Renewable Natural Resources of Ecuador, Eng. Colon Velasquez from the National Institute for Geological Metallurgical Mining Research (INIGEMM), and Dr. Antonio Trujillo Institute of Accountants of Ecuador were also noteworthy.

The event addressed key issues such as the mining legislation, exemptions in the sector, major risks, control procedures and results of tax audits, tax treatment of mining investments, implementation of agreements to avoid double taxation for the mining sector; applying transfer pricing, content control procedures and other refined products, international taxation risks, financial instruments, among others.

This seminar was characterized as a high-level academic event, overcoming expectations, so the Internal Revenue Service and the Inter-American Center of Tax Administrations appreciate the commitment of participants, speakers and invited delegations.

See: Presentations agenda