By Rhiannon Hoyle

SYDNEY--BHP Billiton Ltd. (BHP.AU) said Australia's tax office has sought 1 billion Australian dollars (US$756 million) in additional taxes, as well as interest and penalties, from the mining company in a dispute over the price at which it sold commodities to its Singapore-based marketing business over more than a decade.

BHP on Wednesday said the Australian Taxation Office has issued it with A$1.016 billion in so-called amended assessments, which includes A$661 million of primary tax, for its 2003-2013 fiscal years.

BHP, which last year said it was being probed by tax officials here, said it doesn't agree with the authority's decision. "Consequently, we have objected to all of the amended assessments and intend to continue to defend our position, including by initiating court action if necessary," the company said.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

September 20, 2016 18:58 ET (22:58 GMT)

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