Chile’s Internal Revenue Service (SII) has issued Resolution No. 33 of 13 March 2025, which sets new tax rates for small miners and SMEs involved in mining and selling gold and silver ores.

The rates for small artisan miners using the simplified single tax apply from 1 March 2025 to 28 February 2026. The rates for SMEs under the presumptive tax regime apply for the 2025 tax year.

Small artisan miners tax rates

For small miners utilizing the simplified single tax system, the applicable tax rates are determined based on the net revenue generated from sales of gold and silver ores and their combinations with copper.

For gold:

  • 1% if the price is up to USD 1,089.04/ounce;
  • 2% if the price is between USD 1,089.04 and USD 1,742.36/ounce;
  • 4% if the price exceeds USD 1,742.36/ounce.

For silver:

  • 1% if the price is up to USD 1,000.30/kilogram;
  • 2% if the price is between USD 1,000.30 and USD 1,600.51/kilogram;
  • 4% if the price exceeds USD 1,600.51/kilogram.

For SMEs miners tax rates 

For SMEs under the presumptive tax regime, the rates are based on annual net revenue from selling gold, silver, and their combination with copper.

For gold:

  • 4% if the average price for the year is up to USD 871.20/ounce;
  • 6% if it exceeds USD 871.20 but is up to USD 1,089.04/ounce;
  • 10% if it exceeds USD 1,089.04 but is up to USD 1,415.73/ounce;
  • 15% if it exceeds USD 1,415.73 but is up to USD 1,742.36/ounce;
  • 20% if it exceeds USD 1,742.36/ ounce.

For silver:

  • 4% if the average yearly price is up to USD 800.30/kg;
  • 6% if the price is over USD 800.30/kg but not more than USD 1,000.30/kg;
  • 10% if the price is over USD 1,000.30/kg but not more than USD 1,300.41/kg;
  • 15% if the price is over USD 1,300.41/kg but not more than USD 1,600.51/kg;
  • 20% if the price exceeds USD 1,600.51/kg.