Tax advisory for aluminium smelting, quarrying, and extractive operations.
Mineral extraction — standard-rated supply. Government royalties — outside scope of VAT. Heavy equipment import — 5% customs, input VAT recoverable. ALBA aluminium — major export (zero-rated). Aggregate quarrying — standard-rated.
Smelting and refining — standard-rated or zero-rated (export). Energy costs — standard-rated input. Environmental compliance — standard-rated service cost. Waste management — standard-rated. By-product sales — standard-rated.
Large MNE extractive entities — subject to DMTT. Government royalties — excluded from GloBE income? SBIE benefit from tangible assets (heavy plant). Deferred tax on mineral reserves — complex calculation.
From ALBA to aggregate — we understand extractive industry tax.
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