Corporate Regulation and Taxation
Gross Rental Values assessments will be an additional cost on WA mining tenementsMining and Exploration costs are set to rise as a result of the proposed introduction of Gross Rental Value assessment policy on mining tenements, where permanent (over 12 months) accommodation, recreational and administrative facilities and infrastructure and maintenance workshops existingread more > |
Release of early guidance material highlights the complexity of the proposed Minerals Resource Rent TaxIn advance of the introduction of the MRRT into Parliament, the ATO has recently released some early guidance material on the Minerals Resource Rent Tax (MRRT) for public comment. The material covers ‘market value of starting base assets’, ‘record keepingread more > |
Carbon Tax Submission – AMEC has their sayAMEC continues to fight the Federal Government’s introduction of its Clean Energy Future Plan (CEFP). AMEC considers the carbon tax and the removal of the fuel credit scheme will increase costs for all mineral exploration and mining operations. For usersread more > |
Accessing tax incentives to support new ideas – the new R&D tax creditby Ernst & Young’s R&D tax team The Government’s Research and Development (R&D) tax credit changes the way in which businesses across all sectors fund innovation. The draft R&D tax credit legislation was first released in December 2009 and followingread more > |
Carbon Tax SubmissionsAMEC recently made submissions to two Government consultation processes. Given the near similarity in the topics, AMEC used the same submission for both. The two consultation processes were: 1. Senate Select Committee on the Scrutiny of New Taxes – Inquiry into Carbon Tax Pricing Mechanisms, and |
Response to the MRRT Legislation Exposure DraftAMEC has submitted a formal response to the MRRT Legislation Exposure Draft and Explanatory Material release on 10 June 2011. The submission raises serious concerns that the proposed MRRT regime will be anti competitive and create an uneven playing field between small emerging iron ore and coal miners, and large conglomerates. |
