REG - South32 Limited - Payments to Government Report 2020
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
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