Big corporations tax (Oil and gas)

Summary of proposal

The proposal has two components that would have effect from 1 July 2025.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

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Big corporations tax (Oil and gas)

Summary of proposal

The proposal has two components that would have effect from 1 July 2025.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

Read more

Big corporations tax (Oil and gas)

Summary of proposal

The proposal has two components that would have effect from 1 July 2025.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

Read more

Big corporations tax (Oil and gas)

Summary of proposal

The proposal has two components that would have effect from 1 July 2025.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

Read more

Big corporations tax (Oil and gas)

Summary of proposal

The proposal has two components that would have effect from 1 July 2025.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

Read more

Big corporations tax (Coal and mining)

Summary of proposal

The proposal would introduce a new 40% Coal and mining tax (CMT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses. 

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Big corporations tax (Coal and mining)

Summary of proposal

The proposal would introduce a new 40% Coal and mining tax (CMT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses. 

Read more

Big corporations tax (Coal and mining)

Summary of proposal

The proposal would introduce a new 40% Coal and mining tax (CMT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses. 

Read more

Loss of public revenue and a distributional analysis of the tax cuts packages

Summary of proposal

The request sought the estimated cost to the budget, from 2017-18 to 2030-31, of the Government’s Personal income tax plan. The baseline for this analysis is keeping the personal income tax rates, thresholds and offsets the same as they were in 2017-18 over the period to 2030-31.

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Loss of public revenue and a distributional analysis of the tax cuts packages

Summary of proposal

The request sought the estimated cost to the budget, from 2017-18 to 2030-31, of the Government’s Personal income tax plan. The baseline for this analysis is keeping the personal income tax rates, thresholds and offsets the same as they were in 2017-18 over the period to 2030-31.

Read more