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The Government is calling for public feedback on proposed changes to royalties and the taxation of minerals.
Two papers – Reviewing the Royalties Regime for Minerals and Taxation of Specified Mineral Mining – have now been released for public consultation. The royalties paper sets out proposals related to Government revenue from minerals, not oil and gas. The tax paper also excludes oil and gas from its proposals, as well as coal.
"Minerals are important to New Zealand’s economy," Mr Heatley said.
- Peter Dunne
- Phil Heatley
- Energy and Resources