Mining pays more tax than all other Australian sectors combined
For the third consecutive year, the Australian mining industry has paid more tax than every other sector of the economy combined.
Figures released in this week's ATO Corporate Tax Transparency Report confirm that mining remains the nation’s biggest taxpayer, delivering A$65-billion in company tax and royalties in 2023/24.
This contribution – made despite weaker commodity prices and global uncertainty – highlights the resilience of the industry and its central role in funding vital services such as health, education and infrastructure, while also supporting jobs and communities.
“Despite a decrease in tax payable reflecting weaker commodity prices which impacted profitability of major producers in the sector, 2023/24 is the third year in a row that the mining sector paid more tax than all other sectors combined," commented ATO assistant commissioner Michelle Sams.
Of the total contribution, the industry paid A$38.1-billion in company tax and A$26.9-billion in royalties to state budgets, according to EY’s 'Royalty and Company Tax Payments' report.
Mining companies also dominate the list of Australia’s largest taxpayers, with Rio Tinto and BHP leading more than half of the top 20 contributors.
“This extraordinary tax effort demonstrates why supporting mining is essential to sustaining jobs, regional development and the services Australians rely on – from hospitals and schools to the NDIS and PBS,” Minerals Council of Australia CEO Tania Constable said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation