Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 192

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 192
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12, paragraph 81, letter “c”, the company has estimated that the method that discloses the most significant information for users of the financial statements 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).

Notes to the Consolidated Financial Statements December 31, 2024 163 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 December 31, 2024 As of December 31, 2023 ThUS$ ThUS$ Consolidated income before taxes 974,414 2,807,018 Statutory Income tax rate in Chile 27% 27% Tax expense using the statutory tax rate (263,092) (757,895) Net effect of royalty tax payments (4,453) (6,889) Net effect from payment of the specific tax on lithium-related mining activities (see note 21.3) (1) (1,102,111) - Net effect of other additional taxes (25,377) - Tax effect of income from regular activities exempt from taxation and dividends from abroad 1,030 (1,457) Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (5,013) 3,509 Effect due to the difference in tax rates related to abroad subsidiaries 7,682 (24,748) Effect of recognizing tax losses 14,750 - Other tax effects from reconciliation between accounting profit and tax expense (2) 4,535 205 Tax expense using the effective tax rate (1,372,049) (787,275) (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$ 4,049. (2) The other tax effects from the reconciliation between accounting income and tax expenses include deferred taxes from the initiation of operations in Australia. 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