Rio Tinto Settles All Tax Disputes With Australia Tax Office (1)

Rio Tinto says the pact resolves the disagreement relating to interest on an isolated borrowing used to pay an intragroup dividend in 2015, according to a statement.

• It also separately resolves the pricing of certain transactions between Rio Tinto entities based in Australia and the Group’s commercial center in Singapore from 2010-2021 and provides certainty for a further five-year period
• Rio Tinto reached agreement with the Inland Revenue Authority of Singapore in relation to transfer pricing for the same periods
• Rio Tinto will pay Australian Taxation Office additional tax of A$613m for 2010 to 2021
  • This is in addition to ...