5.2 Other taxes and charges
in PLN millions, unless otherwise stated
|
from
1 January 2022 31 December 2022 |
from
1 January 2021 31 December 2021 |
Basis for calculating tax | Tax rate |
from
1 January 2022 31 December 2022 |
from
1 January 2021 31 December 2021 |
||
| Minerals extraction tax, of which: | 3 046 | 3 548 | tax rate calculated for every reporting period* | 2 951 | 3 238 | tax recognised in cost of sold products | |
| – copper | 2 650 | 3 012 | Amount of copper in produced concentrate, expressed in tonnes | ||||
| – silver | 396 | 536 | Amount of silver in produced concentrate, expressed in kilograms | 95 | 310 | tax recognised in inventories |
*In accordance with conditions specified by the Act dated 2 March 2012 on the minerals extraction tax and the Act dated 24 February 2022 on amending the Act on personal income tax, Act on Vocational and Social Rehabilitation and Employment of Persons with Disabilities and the Act on the minerals extraction tax, which decreased the tax rates by approx. 30% from January to November 2022. In 2022, tax rates for copper ranged from PLN 5 136.69 to PLN 8 657.15 and for silver from PLN 352.90 to PLN 453.03 (in the comparable period for copper they ranged from PLN 4 926.27 to PLN 9 629.78, while for silver from PLN 369.76 to PLN 449.38).
The minerals extraction tax paid by the Parent Entity is calculated from the amount of copper and silver in produced concentrate and depends on the prices of these metals as well as on the USD/PLN exchange rate. The tax is accounted for under manufacturing costs of basic products and is not deductible for corporate income tax purposes.
Other taxes and charges, with a breakdown by geographical location, were as follows:
| from 1 January 2022 to 31 December 2022 |
from 1 January 2021 to 31 December 2021 |
|
|---|---|---|
| Poland | 693 | 572 |
| Real estate tax | 268 | 250 |
| Royalties | 122 | 116 |
| Excise tax | 6 | 7 |
| Environmental fees | 16 | 21 |
| Costs of surrender of CO2 emission allowances | 199 | 109 |
| Contributions to the State Fund for the Rehabilitation of the Disabled People (PFRON) | 29 | 24 |
| Other taxes and charges | 53 | 45 |
| Other countries | 113 | 118 |
| Total | 806 | 690 |