OrbitaxAustralia Consulting on Tax Incentives for Critical Minerals and Hydrogen Production
|Proposed Changes|Australia
The Australian Treasury has launched two public consultations on proposals for the Critical Minerals Production Tax Incentive and the Hydrogen Production Tax Incentive, which were both announced as part of the 2024-25 Budget. The details of the proposed incentives are as follows:
Critical Minerals Production Tax Incentive (CMPTI)
The incentive:
- 10% of eligible expenditure on eligible proc…
