Major RioTinto has settled a tax dispute with the ato_gov_au over ironore and aluminium sales, marking one of the largest settlements in the country's history mining resources taxes corporate Singapore
PERTH – The Australian Taxation Office has reached a settlement with mining major Rio Tinto resolving a disagreement relating to interest on an isolated borrowing used to pay an intragroup dividend in 2015.
As part of this agreement, Rio Tinto will pay to the ATO additional tax of A$613-million for the twelve historical years. This is in addition to the A$378-million of tax paid in respect of the original amended assessments issued by the ATO. Over this period, Rio Tinto paid nearly A$80-billion in tax and royalties in Australia.
“Rio Tinto remains committed to our commercial activities in Singapore and the valuable role played by our centralised commercial team,” he added.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 Kia Rio EX Premium review | Car Reviews | Auto123Auto123 reviews the 2022 Kia Rio EX Premium, the small size and low price of which make it a rarity on the market today.
Read more »
Essai de la Kia Rio EX Premium 2022 | Essais routiers | Auto123Auto123 met à l’essai la Kia Rio EX Premium 2022, dont la petite taille et le prix modique en font une rareté sur le marché actuellement.
Read more »
Australia: Leading Index growth rate slows in June – WestpacBill Evans, Analyst at Westpac offers his afterthoughts on the Australian Westpac-Melbourne Institute Leading Index. Key quotes “The Leading Index’s g
Read more »
Just 27 Billionaires Have Spent $90 Million to Buy GOP Congress: Report'They're counting on that 'small' investment in anti-tax Republicans to save them billions in taxes,' said 4TaxFairness, which conducted the analysis. TaxBillionaires
Read more »
Facing a possible spike in property taxes, Mayor Lori Lightfoot says she’ll ‘make sure there isn’t a significant burden’ on taxpayersIf Lightfoot collects the full amount allowed under her annual tax formula, the tax increase would nearly quadruple in 2023 to $85.5 million.
Read more »