35.1 Minerals extraction tax
The table below presents all types of taxation due to extraction with which the KGHM Polska Miedź S.A. Group is charged.
| Area | Name of tax due to extraction in a given country | from 1 January 2014 to 31 December 2014 | from 1 January 2013 to 31 December 2013 | Basis for calculating tax | Tax rates of the given country | Presentation in the consolidated statement of profit or loss | |
|---|---|---|---|---|---|---|---|
| 1 | Poland | Minerals extraction tax: | 1 520 | 1 856 | Weighted average tax rate calculated for every reporting period * | Taxes and charges in expenses by nature, presented in note 28 | |
| - copper | 1 218 | 1 444 | Amount of copper in concentrates, expressed in tonnes | ||||
| - silver | 302 | 412 | Amount of silver in concentrates, expressed in kilogrammes | ||||
| 2 | USA (Nevada) | Nevada Net proceeds tax | - | 6 | Taxable income available in Nevada | 5% | Income tax |
| 3 | Canada (Ontario) | Ontario Mining tax | - | 11 | Taxable income available in Ontario | 10% | Income tax |
* in accordance with conditions specified by the Act dated 2 March 2012 on the minerals extraction tax.
35.2. Other taxes and charges by area
| For the period from 1 January 2014 to 31 December 2014 | Poland | USA | Canada | Chile | Total |
|---|---|---|---|---|---|
| Basic fee for extracting minerals | 103 | - | 1 | - | 104 |
| Excise tax | 52 | - | - | - | 52 |
| Real estate tax | 165 | 6 | 3 | - | 174 |
| Payments due to environmental protection | 35 | - | - | - | 35 |
| Depreciation of CO2 emissions allowances | 4 | - | - | - | 4 |
| Non-deductible VAT | 11 | - | - | - | 11 |
| Fees due to perpetual usufruct of land | 14 | - | - | - | 14 |
| PFRON (The State Fund for Rehabilitation of Handicapped Persons) Fee | 21 | - | - | - | 21 |
| Other taxes and charges | 41 | 32 | - | - | 73 |
| Total | 446 | 38 | 4 | - | 488 |
| For the period from 1 January 2012 to 31 December 2013 | Poland | USA | Canada | Chile | Total |
| Basic fee for extracting minerals | 100 | - | - | - | 100 |
| Excise tax | 53 | - | - | - | 53 |
| Real estate tax | 160 | 6 | 3 | - | 169 |
| Payments due to environmental protection | 35 | 1 | - | - | 36 |
| Depreciation of CO2 emissions allowances | 34 | - | - | 1 | 35 |
| Non-deductible VAT | 9 | - | - | - | 9 |
| Fees due to perpetual usufruct of land | 13 | - | - | - | 13 |
| PFRON (The State Fund for Rehabilitation of Handicapped Persons) Fee | 21 | - | - | - | 21 |
| Other taxes and charges | 19 | 50 | - | - | 69 |
| Total | 444 | 57 | 3 | 1 | 505 |