Rio Tinto PLC Statement on amended assessments (8356Q)
02 March 2021 - 6:00PM
UK Regulatory
TIDMRIO
RNS Number : 8356Q
Rio Tinto PLC
02 March 2021
Statement on amended assessments
2 March 2021
The Australian Taxation Office (ATO) has issued Rio Tinto
Limited with amended assessments of A$359.4m (US$279.8m) primary
tax and A$47.1m (US$36.7m) of interest. This is in addition to the
more than A$8.4bn (US$6.4bn) of Australian income tax paid during
the relevant period. The assessments relate to the denial of
interest deductions on an isolated borrowing used to pay an
intragroup dividend in 2015. This borrowing was repaid in 2018.
Borrowing to fund the payment of a dividend is a normal commercial
practice. Rio Tinto is confident of its position and will dispute
the assessments. In accordance with the usual practice Rio Tinto
will pay 50% of the primary tax up-front as part of the objections
process.
Contacts
media.enquiries@riotinto.com
riotinto.com
Follow @RioTinto on Twitter
Media Relations, United Kingdom Media Relations, Australia
Illtud Harri Jonathan Rose
M +44 7920 503 600 T +61 3 9283 3088
M +61 447 028 913
David Outhwaite
T +44 20 7781 1623 Matt Chambers
M +44 7787 597 493 T +61 3 9283 3087
M +61 433 525 739
Media Relations, Americas
Matthew Klar Jesse Riseborough
T +1 514 608 4429 T +61 8 6211 6013
M +61 436 653 412
Media Relations, Asia
Grant Donald
T +65 6679 9290
M +65 9722 6028
===================================== ================================
Investor Relations, United Kingdom Investor Relations, Australia
Menno Sanderse Natalie Worley
T: +44 20 7781 1517 T +61 3 9283 3063
M: +44 7825 195 178 M +61 409 210 462
David Ovington Amar Jambaa
T +44 20 7781 2051 T +61 3 9283 3627
M +44 7920 010 978 M +61 472 865 948
Clare Peever
M: +44 7788 967 877
===================================== ================================
Group Company Secretary Joint Company Secretary
Steve Allen Tim Paine
Rio Tinto plc Rio Tinto Limited
6 St James's Square Level 7, 360 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +44 20 7781 2000 T +61 3 9283 3333
Registered in England Registered in Australia
No. 719885 ABN 96 004 458 404
--------------------------------
This announcement is authorised for release to the market by Rio
Tinto's Group Company Secretary.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRDKBBQABKKDNK
(END) Dow Jones Newswires
March 02, 2021 02:00 ET (07:00 GMT)
Rio Tinto (LSE:RIO)
Historical Stock Chart
From Apr 2024 to May 2024
Rio Tinto (LSE:RIO)
Historical Stock Chart
From May 2023 to May 2024