Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
18‑49 Credit—Natural resource payments18‑49 Credit—Natural resource payments
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18‑49 Credit—Natural resource payments
(1) An entity is entitled to a credit in an *MRRT year if: (a) one or more *withholding payments covered by section 12‑325 (natural resource payments) from which there are *amounts withheld in respect of *MRRT are made to the entity during the MRRT year; and (b) an assessment has been made of the MRRT payable, or an assessment has been made that no MRRT is payable, by the entity for the MRRT year. (2) The amount of the credit is so much of the total of the *amounts withheld as is withheld in respect of *MRRT.
8 After Part 3‑10 in Schedule 1
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