Marktanalyse - Mineral Resource Rent Tax - Levy on Australia’s Coal and Iron Ore Resources

Mineral Resource Rent Tax - Levy on Australia’s Coal and Iron Ore Resources


Summary


Mineral Resource Rent Tax (MRRT) is an economic rent payable by the mining companies for the extraction of coal and iron ore and charged on the extracted volume before it undergoes any processing or value addition. The Australia's Future Tax System (AFTS) Review in December 2009 proposed a uniform resource rent tax aimed at taxing above normal profits made by the miners and to smooth out the inappropriate and inflexible royalty rates applicable in different states of Australia which is being currently charged under Resource Super Profit Tax (RSPT).


Scope

- The report provides a brief of Australia's Mineral Resource Rent Tax (MRRT), the reasons behind introducing MRRT, the possible impact, an examination of taxation mechanism and rates against Resource Super Profit Tax.


Reasons to buy

- Obtain an understanding of Australian Mineral Resource Rent Tax

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Summary 1

3 Mineral Resource Rent Tax — Tax Liability Likely to Increase Post Implementation 1

3.1.1 MRRT Timeline 2

3.2 The Reasons for Introduction of MRRT — Australian Government’s Two-Pronged Approach 2

3.3 A Synopsis of MRRT Taxation Mechanism and Rates — Examination with its Peer 3

3.4 The Impact of the Tax 3

3.4.1 Understanding the Impact of MRRT 3

3.4.2 Impact of MRRT on Small and Big Miners 3

3.5 Further Effects and Possibility 4

4 Appendix 4

4.1 Abbreviations 4

4.2 GlobalData’s Methodology 4

4.2.1 Coverage 4

4.2.2 Secondary research 4

4.2.3 Primary research 4

4.2.4 Expert Panel Validation 5

4.3 Contact Us 5

4.4 Disclaimer 5





1.1 List of Tables

Table 1: MRRT timeline 2

Table 2: A Brief Comparison 3





1.2 List of Figures

Figure 1: Calculating MRRT Liability 2

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