NZ government to tweak tax and royalty regimes for miners

Tue, 30 Oct 2012

Oct. 31 (BusinessDesk) - The government is moving to tweak tax and royalty regimes in a bid to increase the revenue it collects from the resources sector having signalled plans to facilitate mining. The government is seeking submissions by Dec. 7 on a review of royalties paid by miners, excluding oil and gas companies, and a separate tax paper that excludes oil and gas and coal. New mineral mines will have to pay higher royalties and tax concessions for miners are being removed. The government says the current tax regime for miners is conc...

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