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BHP BHP Group Limited

55.58
0.58 (1.05%)
After Hours
Last Updated: 21:04:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
BHP Group Limited NYSE:BHP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.58 1.05% 55.58 56.35 55.51 55.76 2,781,844 21:04:08

BHP Billiton to Contest A$1 Billion Australia Tax Office Bill

21/09/2016 12:13am

Dow Jones News


BHP (NYSE:BHP)
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   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)

Copyright (c) 2016 Dow Jones & Company, Inc.

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