Minerals resource rent tax |
After several years of debate, and various iterations, the controversial Minerals Resource Rent Tax (MRRT) came into effect on 1 July 2012. It seeks to tax the upstream profits derived by Australian iron ore and coal miners at an effective rate of 22.5%.
Deloitte has been involved in various aspects of consultation since the MRRT was first introduced in 2010 and we have assisted numerous taxpayers assess the potential impact of the MRRT, and its predecessor, the Resources Super Profits Tax (RSPT), since that time.
With the combined resources of our dedicated tax, transfer pricing, valuations, accounting, economics, legal and consulting specialists we can offer a seamless and fully integrated service to help your business manage all the implications of the MRRT to become 'MRRT ready'.