The RSPT will be a deductible expense for income tax purposes.
The RSPT the Australian Government will guarantee to credit firms for the tax value of their extraction and exploration costs, and will even refund that credit when
a project winds up.
So what should be simple has been made difficult.
Someone needs to explain this in plain English!
I am thinking it extracts approx 10% -12% on top of the 30%
tax, page-4
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