5.2 Other taxes and charges

in PLN millions, unless otherwise stated

	from 1 January 2020 to 31 December 2020	from 1 January 2019 to 31 December 2019	Basis for calculating tax	Tax rate	Presentation in the consolidated statement of profit or loss
Minerals extraction tax, of which	1 625	1 520		tax rate calculated for every reporting period *	Minerals extraction tax in expenses by nature (note 4.1)
– copper		1 217	Amount of copper in produced concentrate, expressed in tonnes
– silver		303	Amount of silver in produced concentrate, expressed in kilograms

* In accordance with conditions specified by the Act dated 2 March 2012 on the minerals extraction tax and the Act dated 12 April 2019 on changing the Act on the minerals extraction tax, which decreased the tax rate by 15% since July 2019. Until 30 June 2019, the tax rate was calculated using the following formula: 0.033 x average copper price + (0.001 x average copper price)2,5. Since 1 July 2019, the tax rate has been calculated using the following formula: [(0.033 x average copper price + (0.001 x average copper price)2,5] x 85%.

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:

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	from 1 January 2020 to 31 December 2020	from 1 January 2019 to 31 December 2019
Poland	484	471
Real estate tax	234	224
Royalties	111	110
Excise tax	6	10
Environmental fees	18	23
Other taxes and charges	115	104
Other countries	78	63
Total	562	534

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