Estimated company tax, MRRT, carbon tax and royalties expenses for the minerals sector

Deloitte Access Economics was commissioned by the MCA to provide estimates of the likely tax expense (including company tax, royalties payments, MRRT and carbon permit revenues) borne by the minerals sector. Table 1.1 provides a summary of our estimates.

Note that all the estimates in this report are on an accrual basis.

In brief:

  • Deloitte Access Economics estimates the total tax burden on the minerals sector at $22.7 billion in the financial year just ended. That is the second highest level on record, behind only 2011-12, with 2011-12 being the financial year which benefited from the peak in commodity prices.
  • Note that all the estimates in this report are on an accrual basis. An additional $1.6 billion of company tax may have been paid in cash terms in 2013-14 due to the bringforward of the timing of company tax payments in 2013-14.
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