Section E: MRRT liability details

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• Question 23 MRRT profit
• Question 24 MRRT liability
• Question 25 Rehabilitation tax offset amount

Question 23 MRRT profit

Insert at label 23P the entity’s MRRT profit for the interest for this return period. This is calculated by subtracting the sum of the entity’s allowances (22O) from the entity’s mining profit (14F).

Question 24 MRRT liability

Insert at label 24Q the entity’s MRRT liability for the interest for this return period. This is calculated by multiplying the entity’s MRRT profit (23P) by the effective MRRT rate of 22.5% (0.225).

Question 25 Rehabilitation tax offset amount

Insert at label 25R the entity’s rehabilitation tax offset amount (if any) for the MPI or PMPI for this return period.

You may only claim the rehabilitation tax offset amount if the suspension day for the MPI or PMPI has occurred. For more information on suspension days, refer to Winding down MRRT interests.

Find out more:

• MRRT adjustments, concessions and offsets