Tax Facts 2019

Australian mining pays its fair share of tax.

The minerals industry paid $225 billion in company tax and royalties in the 11 years to 2017-18. This includes $18.6 billion in company tax during the financial year 2017-18, accounting for 22 per cent of all company tax paid, despite the industry comprising less than 1 per cent of all companies. To put this into perspective, $18.6 billion is more than the Federal Government spends on the Pharmaceutical Benefits scheme

Learn more in our 2019 Tax Factsheet: Tax Facts 2019.pdf