The Tax Office has released the following guides and publications in relation to the Minerals Resource Rent Tax which commences from 1 July 2012:
- Minerals Resource Rent Tax – introduction
- Application to register for mineral resource rent tax
- Key features, concepts and background to MRRT
- How MRRT affect you
- Who MRRT affects
- How to determine MRRT
- How to determine mining expenditure
- How to determine mining revenue
- Allowances
- Combining, transferring or splitting interests
- Accounting for MRRT
- Winding down an interest
- Adjustments, concessions and offsets
- Lodging reporting an paying
- Integrity measures
- News about MRRT
- Getting help from the ATO
The ATO has also released details of its administrative approach to the MRRT, including information on: assessments; review periods; amendments; objections; alternative dispute resolution processes; and penalties and remission of penalties.
[LTN 106, 4/6]