AER: initial report on review of regulatory tax approach (submissions by 26 July 2018)

“The AER sets revenue allowances for regulated electricity and gas networks so that their efficient costs can be recovered, including an allowance for tax costs. The AER forecasts the cost of corporate tax in accordance with the relevant legislation—that is, the National Electricity Rules (NER) and the National Gas Rules (NGR)–using a standard tax calculation that has regard to regulatory estimates of taxable revenue, tax expenses and the statutory corporate income tax rate (30 per cent).

We will publish a final report and recommendations on any changes by December 2018.”

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