Global

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  • Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/12/2013

Australia - Stamp duty, valuation issues for mining activities 

June 12:  The Australian government announced measures to include the value of mining information in the principal asset test for capital gains tax purposes.

On the stamp duty front, New South Wales introduced legislation that would impose stamp duty on mining information by requiring that the value of such information be added to the value of mining tenements (i.e., land).


Read a June 2013 report prepared by the KPMG member firm in Australia: Mining Information – Stamp duty and valuation issues




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