The Australian Taxation Office (ATO) has issued a notice on the need for registered holders of petroleum production licences to lodge the Offshore Petroleum Levy return by 31 December 2026 for the 2025–26 financial year.
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2025–26 Offshore Petroleum Levy: lodgment and payment guide
Registered holders of a petroleum production licence must lodge the Offshore Petroleum Levy return by 31 December.
The Offshore Petroleum (OP) Levy recovers costs of decommissioning and remediating the Lam…