Tax saga settled

NORTHERN Minerals has settled its long-running research and development tax offset dispute with the Australian Taxation Office regarding its 2017 and 2018 claims, with the company to receive a $9.92 million refund this year.

Browns Range, WA

24 August 2020
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Northern Minerals was forced to pay the ATO in instalments when its 2017 and 2018 tax claims were knocked back in 2018 after being deemed to not fit the criteria of research and development.

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