To provide quality services:
· by helping clients understand and meet their revenue responsibilities;
· by applying revenue laws with fairness and equity; and
· which support government decision making and policy development.
2012-13 Budget Revenue Measures
Revenue Unit Equal to $1.05 from 1 July 2012
Company Convicted for Failure to Lodge Mineral Royalty Return
Please note! TRO's provider of banking services changed to the National Australia Bank (NAB) from 1 February 2012. Payments made by electronic funds transfers have continued to be accepted to the previous account during a three month transition phase; however this will cease from 1 May 2012. From 1 May, any payments made to the previous account will be rejected which may give rise to a liability to pay interest and/or penalty tax should a tax default occur. If you make payment to TRO by EFT, please ensure your records have been updated to reflect the new bank account details below.
Please ensure that you continue to insert your EFT payment code in the reference field when transmitting your payment to TRO. Direct Debit Registration Clients who use the Northern Territory Government direct debit facility for payroll tax payments are required to re-register in the new direct debit facility, NAB Transact. Register now for NAB Transact or click here for step-by-step instructions on how to register. BPAY Clients who remit funds by BPAY will not be affected by the change. The biller code and customer reference numbers remain the same. |
Capital Recognition Deduction factors for the July to December 2011 period
The Capital Recognition Deduction factors, calculated pursuant to section 4C(6) of the Mineral Royalty Act, for the period July to December 2011 have been approved by the Secretary.
An updated schedule is available in Royalty Guideline RG-MRA-007: CRD Factors.
Mineral Royalty Overview and Guidelines
| Information Exchange
For the purpose of administering Northern Territory taxation laws, the Territory Revenue Office exchanges information with other State and Territory Revenue Offices and the Australian Taxation Office (ATO) to assist in the proper identification and accurate assessment of taxation liabilities. In this regard, the sharing of information with other Revenue Offices and with the ATO across all taxation laws administered by the Territory Revenue Office, is carried out in accordance with Part 10 of the Taxation Administration Act, similar legislation in other States and Territories and under section 355-65 of Schedule 1 to the Commonwealth Taxation Administration Act 1953. |