Details

  • Service: Tax, Corporate Tax, Global Transfer Pricing Services, Special Interests, Tax Reform, Resource Taxation
  • Industry: Energy & Natural Resources, Energy & Mining Services, Mining, Oil & Gas
  • Type: Business and industry issue
  • Date: 14/11/2011

Tax in Focus: MRRT introduced into Parliament 

KPMG has prepared a Tax in Focus Brief outlining the changes between the Exposure Draft (ED) legislation for the proposed Minerals Resource Rent Tax (MRRT) and the Bills introduced into Parliament on 2 November 2011.
Tax in Focus: MRRT introduced into Parliament - Cover
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The changes, which follow the latest round of consultations, concern a number of issues including:

  • starting base adjustments
  • pre-mining losses
  • mining revenue
  • integrity measures.

 

For further information please speak with your KPMG adviser or one of the KPMG professionals listed on our Brief.
 

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Resource Taxation

Resource Taxation
Proposed reforms include a minerals resource rent tax (MRRT) and extension of the petroleum resource rent tax (PPRT) on non-renewable resources.

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