ATO Updates Guidance on Eligible Activities for Critical Minerals Production Tax Incentive

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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