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Inland Revenue

Tax Policy

Anti-avoidance rules for mineral miners

(Clause 61)

Summary of proposed amendments

The current anti-avoidance rules in section GB 20 that apply to petroleum miners are being extended to also apply to mineral miners. The broadening of these rules is to reflect the similarities between the two industries, particularly in relation to the tax avoidance risks that they represent. It is considered preferable to have specific rules that apply so the industry has some clear guidance in this area.

Application date

The amendments will apply from the beginning of the 2014–15 income year.