The Australian Taxation Office and Mining Giant BHP have settled yet another Transfer Pricing Dispute

Category: Disputes and Settlements, Transfer Pricing News | Tag: , , ,
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BHP Group has agreed to pay the state of Western Australia A$250 million to end a dispute over royalties paid on iron ore shipments sold through its Singapore marketing hub.

The State government found in January that the world’s biggest miner had underpaid royalties on iron ore shipments sold via Singapore stretching back over more than a decade.

BHP reached a deal to pay A$529 million in additional taxes to the Australian government late last year to settle a long-running tax dispute over the miner’s Singapore hub on its income from 2003-2018.






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