Company: SQM
Filing Date: 2025-12-15
Form Type: 6-K
Source: 0000909037-25-000048
Chunk: 197

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-12-15
Form: 6-K
Chunk 197
---
 is the numeric conciliation between the tax benefit (expense) and the result of multiplying the accounting profit by the current rate in Chile. The aforementioned choice is based on the fact that the Company and subsidiaries established in Chile generate a large part of the Company’s tax benefit (expense). Reconciliation between the tax benefit (expense) and the tax calculated by multiplying income before taxes by the Chilean corporate income tax rate. Income Tax Expense (Benefit) (Expense) Benefit As of September 30, 2025 As of September 30, 2024 ThUS$ ThUS$ Consolidated income before taxes 624,323 780,932 Statutory Income tax rate in Chile 27% 27% Tax expense using the statutory tax rate (168,567) (210,852) Net effect of royalty tax payments 4,307 (1,052) Net effect from payment of the specific tax on lithium-related mining activities (see note 21.3) (1) (18,020) (1,096,588) Net effect of other taxes generated from abroad (27,827) (17,409) Tax effect of income from regular activities exempt from taxation and dividends from abroad (864) 1,141 Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (7,531) (3,538) Effect due to the difference in tax rates related to abroad subsidiaries (2,011) 17,846 Other tax effects from reconciliation between accounting profit and tax expense 3,958 9,325 Tax expense using the effective tax rate (216,555) (1,301,127) (1) The net effects of the payment of the specific tax on the mining activity applied to lithium are presented with the deferred tax on the mining activity applied to lithium in the amount of ThUS$ 160. Pillar Two legislation, promoted by the OECD in its BEPS program, has been enacted in some jurisdictions where the Company operates. The Company is evaluating and documenting its potential exposure to income taxes under this new legislation. However, the Company does not anticipate significant exposure to Pillar Two supplementary taxes. (j) Tax periods potentially subject to verification: The Group’s Companies are potentially subject to income tax audits by tax authorities in each country. These audits are limited to a number of interim tax periods, which, in general, when they elapse, give rise to the expiration of these inspections. Tax audits, due to their nature, are often complex and may require