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Inland Revenue

Tax Policy

PUBLISHED 26 November 2007

Petroleum mining tax changes considered

Tax policy officials are consulting with the petroleum mining industry and other interested parties on possible changes to the tax treatment of mining expenditure. A short consultative paper released today seeks comment on suggested legislative changes designed to remove the uncertainty and disincentives to exploration and mining investment found in the current tax rules. For more information see the paper "Suggested changes to the petroleum mining expenditure tax rules".