Fishing in Northern Territory

Taxes paid report

We want to leave a lasting, positive legacy everywhere we work. The taxes we pay to governments is one way in which we do this, as they play a critical role in the economic health and development of the regions where we operate.  

We are proud to be a leader in open and transparent tax reporting. Together, our Taxes and Royalties Paid and Country-by-Country reports meet the comprehensive requirements of Tax Standard (GRI 207) of the Global Sustainability Standards Board of the Global Reporting Initiative. And alongside our Annual report, both reports help demonstrate the value we deliver our stakeholders.

2024

Download our 2024 Taxes and Royalties Paid Report. Our 2024 Country-by-Country Report will be published later this year.

Taxes Paid Report 2024
PDF
9.66 MB

We must ensure all of our stakeholders benefit from the success of our business. To do this, it is essential that we care for our employees, respect and safeguard the environment and communities where we explore, build and operate, and repurpose or rehabilitate the land when our operations come to an end.

We seek to operate responsibly wherever we work. The taxes we pay to governments is one way in which we do this, as they play a critical role in the economic health and development of the regions where we operate. The taxes governments and communities receive support the basic infrastructure of society, such as bridges and roads, schools and hospitals, as well as other local development priorities, including job creation and skills training. Australia is home to almost half of our global business and employees and in 2024 we were one of Australia’s largest taxpayers.

Peter, Chief Financial Officer

Peter Cunningham

CHIEF FINANCIAL OFFICER

Our strategy is about growing in the materials the world needs. This will ensure Rio Tinto can continue contributing meaningfully to the countries and communities where we operate, live and work, in the short, medium and long term.”

Social investment

Catalysing economic opportunities for host communities and regions is also a priority for us. Through our voluntary social investment, our goal is to contribute to strong and resilient communities in thriving regional economies. We apply a strategic approach to partnering with communities so we can deliver outcomes that are important to them.

Australia

More than 24,000 employees live and work in Australia, where our origins date back almost 120 years. Over the last decade, 78.1% of the $77.3 billion total taxes and royalties we have paid globally has been in Australia. We are one of Australia’s largest taxpayers, and are proud of our contribution to the economic health, sustainability and growth of the regions where we operate.

In 2024

$6.3B
Total taxes & royalties paid in Australia

$3.7B
Corporate income tax paid in Australia

$2.3B
Royalties paid in Australia

31.4%
Australian effective corporate income tax rate on underlying earnings

41.5%

Australian effective income tax and royalty rate on underlying earnings

$60.4B
Total taxes and royalties paid in Australia in the last 10 years

$12.4B

Australian pre-tax underlying earnings

24,366

Employees

$0.9B
Taxes collected on behalf of employees and remitted to Australian governments

Canada

With more than 14,100 employees, we are the largest mining and metals company in Canada. We have world-class mines and processing capabilities spanning aluminium, iron ore, titanium dioxide, diamonds and scandium, and operate hydropower plants in Quebec and British Columbia. We also explore and operate research and development centres, and port and rail facilities. In 2024, we spent a total of C$6.3 billion in Canada.

In 2024

$500M
Total taxes and royalties paid in Canada

$190M
Corporate income tax paid in Canada

$442M
Canadian pre-tax underlying earnings

14,157

Employees

$512M
Taxes collected on behalf of employees and remitted to Canadian governments

Mongolia

By 2030, our Oyu Tolgoi operation in Mongolia’s South Gobi Desert is expected to be the world’s fourth-largest copper mine. Oyu Tolgoi produces both copper and gold, and is unrivalled in the industry in its scale and domestic economic impact. It is also one of the most modern, safe and sustainable operations globally, and comprises a workforce which is more than 97% Mongolian.

In 2024

$482M
Total taxed and royalties paid in Mongolia

$344M
Taxes and royalties paid to the Mongolian national Government, including royalties of $126M

$138M
Total taxes paid to the regional governments

$1,042M
Mongolian pre-tax underlying loss 

4,962
Employees

$42M
Taxes collected on behalf of employees and remitted to Mongolian governments

United States

Rio Tinto Kennecott is a world-class integrated copper mining operation in Utah which has been producing copper since 1903. Our U.S. Borax mine in California supplies around 30% of the world’s needs for refined borates, which we also ship from our refining facility in the Port of Los Angeles.

In 2024

$136M
Total taxes and royalties paid in the US

$1M
Corporate income tax paid (refunded) in the US

$55M
Taxes paid to Salt Lake County, Utah

$370M
US pre-tax underlying loss

4,113
Employees

$131M
Taxes collected on behalf of employees and remitted to US state and federal agencies

South America

In 2024, we received Board approval to further develop our Rincon lithium project to its full potential, demonstrating our commitment to growing in South America and to building a world-class battery materials portfolio. We produced first lithium from the Rincon starter plant at the end of 2024, and when fully operational, the project will be a valuable source of high-quality lithium for the global energy transition.

In 2024

$666M
Total taxes and royalties paid in South America

$615M
Total taxes and royalties paid in Chile

$33M
Total taxes and royalties paid in Argentina

$1,529M
South America pre-tax underlying earnings (including equity accounted units)

1,946
Employees (including equity accounted units)

$38M
Taxes collected on behalf of employees and remitted to South American governments

Africa

Our operations in Africa include mines, refineries and processing plants, and we conduct exploration activities across the continent. In Guinea, we are developing the Simandou project, a world-class high-grade iron ore deposit, demand for which is increasing as steelmakers look to reduce carbon emissions. We also have mineral sands operations in South Africa and Madagascar, and a non-managed interest in a bauxite mine, also in Guinea.

In 2024

$150M
Total taxes and royalties paid in Africa

$87M
Corporate income tax paid in Africa

$34M
Africa pre-tax underlying earnings (including equity accounted units)

$79M
Total taxes and royalties paid in South Africa

4,670
Employees in Africa (including equity accounted units)

$42M
Taxes collected on behalf of employees and remitted to governments of 6 countries in Africa

Europe

Europe has been part of Rio Tinto’s history for more than 150 years, stretching back to our origins in the mines of Huelva, southern Spain. Today, our global headquarters are in London, and we have operations, legacy sites, research and development centres, and commercial and exploration teams across Europe. We continue to invest in Europe, focusing on commodities and partnerships enabling the energy transition.

In 2024

$81M
Total taxes and royalties paid in Europe

$29M
Corporate income tax paid in Europe

$41M
Employer payroll tax paid in Europe

$114M
Europe pre-tax underlying earnings

1,241
Employees

$92M
Taxes collected on behalf of employees and remitted to European governments

Past reports

2023
Taxes Paid Report 2023
PDF
4.53 MB
Country-by-Country Report 2023
PDF
2.55 MB
2022
Taxes Paid Report 2022
PDF
1.76 MB
Country-by-Country Report 2022
PDF
1.17 MB
2021
Taxes Paid Report 2021
PDF
4.74 MB
Country-by-Country Report 2021
PDF
1.42 MB
2020
Taxes Paid Report 2020
PDF
18.77 MB
Country-by-Country Report 2020
PDF
4.25 MB
2019
Taxes Paid Report 2019
PDF
5.42 MB
Country-by-Country Report 2019
PDF
1.23 MB
2018
Taxes Paid Report 2018
PDF
6.25 MB
Country-by-Country Report 2018
PDF
429 KB
2017
Taxes Paid Report 2017
PDF
3.14 MB
2016
Taxes Paid Report 2016
PDF
5.57 MB
2015
Taxes Paid Report 2015
PDF
5.31 MB
2014
Taxes Paid Report 2014
PDF
562 KB
2013
Taxes Paid Report 2013
PDF
3.99 MB
2012
Taxes Paid Report 2012
PDF
2 MB
2011
Taxes Paid Report 2011
PDF
3.24 MB

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