Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/30/2012

Australia - Minerals resource rent tax compliance, reporting obligations 

October 30:   There are specific rules concerning Australia’s minerals resource rent tax (MRRT).

For instance, registration with the Australian Taxation Office (ATO) allows taxpayers to receive timely information on the MRRT from the ATO.


Also, the MRRT rules allow a tax consolidated group or multiple entry consolidated group for income tax purposes to choose to consolidate for MRRT purposes.


The MRRT is payable in quarterly installments.


Read a 2012 report [PDF 102 KB] prepared by the KPMG member firm in Australia: MRRT compliance obligations and reporting




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