AusIndustry sets aside negative R & D finding
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Northern Minerals Limited has announced that AusIndustry has reversed its previous negative finding regarding the company's R&D tax offset claims for two financial years, confirming that most activities were eligible for the incentive. The Australian Taxation Office will reassess the company's income tax returns based on this new finding, which is expected to affect the refundable R&D tax offset amount. The company plans to halt payments to the ATO related to the initial negative finding and will collaborate with the ATO to finalize the refundable amount.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Earlier from Northern Minerals
- NTU - Significant copper results at John Galt
- NTU continues to progress downstream processing testwork
- NTU - Near surface high-grade results from Dazzler drilling
- Follow Up Drilling Commences at Browns Range
- NTU - Dazzler returns best ever drill result at Browns Range
Later from Northern Minerals
- Funding Agreement Executed
- NTU - Product shipments continue
- Browns Range to move to care & maintenance due to COVID-19
- NTU Over 50% increase in Dazzler high-grade mineral resource
- NTU - A$22 Million Placement and Share Purchase Plan
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