A1M

In 2023-24 the Australian Taxation Office recorded total income of A$181.9M, taxable income of nil or less and tax payable of nil or less for Aic Mines Limited.

The ATO: “The data doesn't reflect any audit or compliance work. The report is based on information contained in an entity's tax return at a point in time. The tax return may later be amended, and the amount published in this report may no longer reflect the amount of tax actually paid.” “The report doesn't include operating profits, tax losses or tax offsets. These could help to provide a more complete understanding of a corporate's tax position.” The ATO: “As the legislation does not allow for the reporting of an amount of zero or less, these fields are left blank.” On the 2023–24 report the ATO says: “Approximately 28% of entities paid nil tax. This is the lowest proportion of nil tax entities in eleven years of CTT reporting. Of the 28% paying nil tax, the reasons were: incurred an accounting loss (13%); incurred a tax loss (4%); utilised offsets (2%); utilised tax losses from previous years (9%).”