The Australian Taxation Office (ATO) has published updated guidance on how to claim the Critical Minerals Production Tax Incentive (CMPTI). The CMPTI provides eligible recipients with a refundable tax offset of 10 per cent of the eligible costs of processing certain critical minerals in Australia. The offset will be available between 1 July 2027 and 30 June 2040, for a maximum of 10 years. The main update is the addition of the following note in relation to eligible processing activities:
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