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ATO Provides Guidance on Claiming Critical Minerals Production Tax Incentive and Hydrogen Production Tax Incentive

25 February 2025

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Approved Changes

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Australia

The Australian Taxation Office (ATO) has published guidance on Claiming the Critical Minerals Production Tax Incentive and the Hydrogen Production Tax Incentive. --- Critical Minerals Production Tax Incentive How to claim the Critical Minerals Production Tax Incentive (CMPTI) for processing activities in Australia. About the incentive In the 2024–25 Budget, the Australian Government announced its Future Made in Australia package. This package supports Australia's transition to a net zero economy. The Future Made in Australia package includes support for investment in critical minerals processing in Australia through the Critical Minerals Production Tax Incentive (CMPTI). This measure is now law. The...