The world is more connected than ever, and mining technology and service companies are no exception. As they expand their reach globally, they need to follow their clients to new markets, from a copper mine high in the Andes to the icey cold winters of Northern Canada. When exploring new markets, it’s the classic “chicken or egg” dilemma: You want to see success before committing to the expenses of a local operation, but as soon as you start generating revenue, the risk of being classified as a PE increases.
As of Friday, February 4, 2022, there is changes to the Mining Code which are important for companies who are operating in the Chilean mining industry.
The solutions and technology being commercialized today are more complex than they were in the past which means there is a strong need for companies to ensure they are protecting their intellectual property when entering into contracts with clients.
It has been 18 months since the digital service tax was implemented in Chile. The Chilean tax office has recently released an update on the amount of taxes that has been collected since it started. Check out our post this week to find out how much.
The year has just started and there is already some important news coming out of Chile. Our mining news flash is meant to provide quick insights into some of the most interesting topics of the week.
We often find that when mining technology and services companies are reviewing a mining services contract, IP is merely a secondary consideration even though it should be an essential part of the contract. It is critcal for METS companies who are entering into contracts to understand how to protect their intellectual property.
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