Last checked at 28 Oct 2020 13:32
South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX/JSE/LSE Share Code: S32
ISIN: AU000000S320
SOUTH32
PAYMENTS TO GOVERNMENTS REPORT
2020
Introduction
At South32, we care about the communities in which we operate. We strive to deliver on our commitments and rely on each other to do the right thing. Publishing our annual Tax Transparency and Payments to Governments Report allows us to demonstrate that our tax affairs are conducted in accordance with our corporate values and commitment to ethical business practices.
Access to this report is available at South32 Annual reporting suite https://www.south32.net/investors-media/investor-centre/annual-reporting-suite .
Total payments made by country and level of government
Table 1 Total payments made by country and level of government for the year ended 30 June 2020 (by country of tax residence)
US$M | Corporate income tax | Royalty related taxes |
| Royalties | Licence fees | Payments to governments for UK Regulation purposes | Employer payroll taxes | Other taxes and payments | Total government payments borne | Employee payroll taxes (not borne) | Net taxes refunded |
Australia |
|
|
|
|
|
|
|
|
|
|
|
Government of Australia | 191.6 | - |
| 9.9 | - | 201.5 | - | 6.5 | 208.0 | 160.9 | (147.8) |
Government of Northern Territory | - | 106.0 |
| - | - | 106.0 | 3.3 | 0.4 | 109.7 | - | - |
Municipality of George Town | - | - |
| - | - | - | - | 0.1 | 0.1 | - | - |
State of New South Wales | - | - |
| 62.0 | 0.1 | 62.1 | 6.4 | 1.3 | 69.8 | - | - |
State of Queensland | - | - |
| 29.2 | - | 29.2 | 2.4 | 1.6 | 33.2 | - | - |
State of Tasmania | - | - |
| - | - | - | 0.9 | - | 0.9 | - | - |
State of Western Australia | - | - |
| 27.7 | 0.3 | 28.0 | 14.6 | 0.7 | 43.3 | - | - |
Townsville City Council | - | - |
| - | - | - | - | 0.1 | 0.1 | - | - |
Australia: Total | 191.6 | 106.0 |
| 128.8 | 0.4 | 426.8 | 27.6 | 10.7 | 465.1 | 160.9 | (147.8) |
Brazil |
|
|
|
|
|
|
|
|
|
|
|
Government of Brazil | 95.1 | - |
| - | - | 95.1 | - | 0.2 | 95.3 | 0.4 | (87.3) |
Brazil: Total | 95.1 | - |
| - | - | 95.1 | - | 0.2 | 95.3 | 0.4 | (87.3) |
Canada |
|
|
|
|
|
|
|
|
|
|
|
Government of Canada | 0.8 | - |
| - | - | 0.8 | - | - | 0.8 | - | - |
Canada: Total | 0.8 | - |
| - | - | 0.8 | - | - | 0.8 | - | - |
Colombia |
|
|
|
|
|
|
|
|
|
|
|
Government of Colombia | 54.6 | - |
| 50.5 | 0.8 | 105.9 | - | 0.8 | 106.7 | 3.8 | (3.3) |
Municipality of Montelibano | - | - |
| - | - | - | - | 0.8 | 0.8 | - | 0.3 |
Colombia: Total | 54.6 | - |
| 50.5 | 0.8 | 105.9 | - | 1.6 | 107.5 | 3.8 | (3.0) |
Mozambique |
|
|
|
|
|
|
|
|
|
|
|
Government of Mozambique | - | - |
| 4.5 | - | 4.5 | - | - | 4.5 | 3.5 | - |
Mozambique: Total | - | - |
| 4.5 | - | 4.5 | - | - | 4.5 | 3.5 | - |
Netherlands |
|
|
|
|
|
|
|
|
|
|
|
Government of Netherlands | 1.1 | - |
| - | - | 1.1 | - | - | 1.1 | - | - |
Netherlands: Total | 1.1 | - |
| - | - | 1.1 | - | - | 1.1 | - | - |
Singapore |
|
|
|
|
|
|
|
|
|
|
|
Government of Singapore | 2.3 | - |
| - | - | 2.3 | - | - | 2.3 | 0.3 | - |
Singapore: Total | 2.3 | - |
| - | - | 2.3 | - | - | 2.3 | 0.3 | - |
South Africa |
|
|
|
|
|
|
|
|
|
|
|
Government of South Africa | 58.8 | - |
| 11.8 | - | 70.6 | - | - | 70.6 | 113.5 | (266.7) |
South Africa: Total | 58.8 | - |
| 11.8 | - | 70.6 | - | - | 70.6 | 113.5 | (266.7) |
Sweden |
|
|
|
|
|
|
|
|
|
|
|
Government of Sweden | - | - |
| - | - | - | - | - | - | - | 0.4 |
Sweden: Total | - | - |
| - | - | - | - | - | - | - | 0.4 |
United Kingdom |
|
|
|
|
|
|
|
|
|
|
|
Government of United Kingdom | 1.9 | - |
| - | - | 1.9 | - | - | 1.9 | 2.4 | (0.3) |
United Kingdom: Total | 1.9 | - |
| - | - | 1.9 | - | - | 1.9 | 2.4 | (0.3) |
United States of America |
|
|
|
|
|
|
|
|
|
|
|
Government of United States of America | 0.4 | - |
| - | - | 0.4 | 0.7 | 0.4 | 1.5 | 2.9 | - |
United States on America: Total | 0.4 | - |
| - | - | 0.4 | 0.7 | 0.4 | 1.5 | 2.9 | - |
Total taxes paid | 406.6 | 106.0 |
| 195.6 | 1.2 | 709.4 | 28.3 | 12.9 | 750.6 | 287.7 | (504.7) |
Total payments to government by project
Table 2 Total payments to government by project for the year ended 30 June 2020
US$M | Corporate income tax | Royalty related taxes | Royalties | Licence fees | Payments to governments for UK Regulation purposes | Employer payroll taxes | Other taxes and payments | Total government payments borne | Employee payroll taxes (not borne) | Net taxes refunded |
Cannington - Australia | - | - | 29.2 | - | 29.2 | 2.4 | 1.3 | 32.9 | 20.1 | - |
Illawarra Metallurgical Coal - Australia | - | - | 62.0 | 0.1 | 62.1 | 6.4 | 1.6 | 70.1 | 44.4 | - |
Worsley Alumina - Australia | - | - | 27.7 | 0.3 | 28.0 | 9.4 | 5.2 | 42.6 | 46.6 | (69.1) |
Eagle Downs - Australian | - | - | - | - | - | 0.1 | 0.8 | 0.9 | 0.4 | (2.5) |
Cerro Matoso - Colombia | 54.6 | - | 50.5 | 0.8 | 105.9 | - | 1.5 | 107.4 | 3.8 | (3.1) |
South Africa Energy Coal - South Africa | 0.6 | - | 3.4 | - | 4.0 | - | - | 4.0 | 72.8 | (133.9) |
Hermosa - USA | 0.4 | - | - | - | 0.4 | 0.7 | 0.4 | 1.5 | 2.9 | - |
Total extractive project related payments - Subsidiaries | 55.6 | - | 172.8 | 1.2 | 229.6 | 19.0 | 10.8 | 259.4 | 191.0 | (208.6) |
Equity accounted investments (EAIs) |
|
|
|
|
|
|
|
|
|
|
Australia Manganese - Australia | 41.4 | 106.0 | 9.9 | - | 157.3 | 3.3 | 1.4 | 162.0 | 18.7 | (18.3) |
South Africa Manganese - South Africa | 13.8 | - | 8.4 | - | 22.2 | - | - | 22.2 | 7.6 | (18.8) |
Total extractive project related payments including EAIs | 110.8 | 106.0 | 191.1 | 1.2 | 409.1 | 22.3 | 12.2 | 443.6 | 217.3 | (245.7) |
Non-extractive project related payments | 295.8 | - | 4.5 | - | 300.3 | 6.0 | 0.7 | 307.0 | 70.4 | (259.0) |
Total taxes paid | 406.6 | 106.0 | 195.6 | 1.2 | 709.4 | 28.3 | 12.9 | 750.6 | 287.7 | (504.7) |
Table 3 Reconciliation between Corporate Income Tax paid to the income tax paid per the Consolidated Cash Flow Statement in Annual Report for the year ended 30 June 2020
| US$M |
Income tax paid per 2020 Annual Report | (335) |
Include: Our share of payments related to Equity Accounted Investments | (72) |
Corporate Income Tax paid | (407) |
JSE Sponsor: UBS South Africa (Pty) Ltd
28 October 2020