Work out PRRT
How to work out the PRRT liability, including apportionment of sales, payments and deductions.
How an entity calculates the petroleum resource rent tax (PRRT) liability for a project.
Certain receipts are assessable under PRRT. The most significant assessable receipts is when petroleum is sold.
How to apportion payments for PRRT which are made to procure services from related and unrelated entities.
Information on the different categories of eligible real expenditure for the petroleum resource rent tax (PRRT).
Taxpayers can apply to combine 2 or more petroleum projects for PRRT purposes. Criteria apply.
How entities can transfer exploration expenditure from one project to reduce the PRRT liability of another project.
The effects of transferring whole or partial interests in petroleum titles.
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