9 September 2014
Taxation legislation is ever-changing as new governments seek to implement their mandates for reform. It is timely, given last week’s repeal of the Mineral Resource Rent Tax, to provide an update on the recent taxation changes and ATO rulings that are of most relevance to business.
Repeal of the Minerals Resource Rent Tax
Last week the Coalition Government successfully negotiated the repeal of the Minerals Resource Rent Tax (MRRT) and many of the measures to be funded by it, fulfilling one of its main election promises.