In line with announcements made by National Treasury in the 2020 Budget Review in February, the 2020 Draft Taxation Laws Amendment Bill (DTLAB) proposes amendments to the Income Tax Act (ITA) with the aim of limiting the entitlement to the favourable m…
A new report by advisory firm Deloitte Access Economics has shown that company taxes and royalties paid by Australia’s world-leading minerals sector increased by A$8-billion in 2018-19 to a record A$39.3-billion.
Increasing tax and royalty contributio…
Mining taxes up by A$8bn in 2018/19 Read More »
A new report by advisory firm KPMG has revealed that the Australian mining industry had a tax ratio of around 44%, well above the average rate of other industries.
The report, conducted on behalf of the Minerals Council of Australia (MCA), found that…
Australian miners paying serious tax – KPMG Read More »
