TIDMBHP

RNS Number : 3523Y

BHP Group Limited

06 September 2022

 
Issued by:       BHP Group Limited 
Date:            6 September 2022 
To:              London Stock Exchange 
                  JSE Limited 
For Release:     Immediately 
Contact:         Prakash Kakkad +44 (0) 20 7802 7077 
---------------  ---------------------------------------- 
 
   BHP Group Limited - Economic Contribution Report 2022 
--------------------------------------------------------- 
 

Introduction

Our Economic Contribution Report (Report) for the year ended 30 June 2022 was released today.

BHP's performance this year has been strong. There has been increased economic volatility, inflationary pressures and global supply chain disruption, but managing uncertainty and risk is a core part of our business, and our systems and processes have allowed us to address these additional challenges in a disciplined way. This, along with our focus on operational excellence, the quality of our assets, and our leading approach to social value means that we remain better positioned to consistently deliver strong results through the cycle.

Our people have worked hard to support one another and keep our operations running safely and productively. This has enabled us to continue to provide significant support to local businesses, regional and Indigenous communities, to protect local jobs and pay taxes and royalties to governments.

BHP has a long-standing commitment to transparency. We recognise taxes are important sources of government revenue and are central to the fiscal policy and macroeconomic stability of countries. Paying the right amount of taxes and royalties enable governments to finance and deliver on national development plans for the benefit of the broader community to promote sustainable economic growth, full and productive employment, reducing poverty and inequality within and among countries. We have disclosed details of our tax and royalty payments for more than 20 years and during that time we have continually updated and expanded our disclosures. This Report meets the requirements of the Australian Voluntary Tax Transparency Code and aims to provide a greater understanding of BHP's global tax profile, tax contributions and the manner in which we govern and manage our tax obligations. Our Economic Contribution Report 2022 incorporates the requirements of the Global Reporting Initiative (GRI) Standard 207: Tax issued by the Global Sustainability Standards Board.

BHP is subject to the different tax regimes that apply in each of those countries and complies with applicable taxation laws in all the jurisdictions where we operate, including the Organisation for Economic Co-operation and Development (OECD) Country-by-Country reporting measures. This information provides tax authorities around the world with details of how we conduct our business and how BHP's entities transact with each other.

Our Economic Contribution Report 2022 has today been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . It is also available to be downloaded on the BHP website at:

https://www.bhp.com/-/media/Documents/Investors/Annual-Reports/2022/220914_bhpeconomiccontributionreport2022.pdf

BHP's total direct economic contribution for FY2022 was US$78.1 billion. This includes payments to suppliers, wages and benefits for around 80,000 employees and contractors, dividends, taxes, royalties and voluntary investment in social projects across the communities where we operate.

In FY2022, our tax, royalty and other payments to governments totalled US$17.3 billion. Of this, 77.5 per cent or US$13.4 billion was paid in Australia. This makes BHP one of the largest corporate taxpayers in Australia in FY2022. During the last decade, we paid US$90.5 billion globally in taxes, royalties and other payments, including US$70.0 billion (approximately A$90.1 billion) in Australia.

Below are extracted sections of our full Economic Contribution Report 2022 that together meet our UK regulatory obligations under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and, where required by DTR 4.3A, the Reports on Payments to Governments Regulations 2014 (as amended) .

Our payments to governments

BHP has prepared this information on the basis set out in the Basis of Report preparation and Glossary sections of the Report.

Payments made by country and level of government

 
                                                                                                                                     Total 
                                                                                                                      Signature,   payments 
                                                   Taxes                                                 Payments     discovery   as defined                Total 
                     Corporate  Royalty-related    levied     Total                                        for           and        by the                payments 
                       income        income          on        taxes               Production         infrastructure  production      UK        Other        to 
US$ millions            tax           tax        production    paid    Royalties  entitlements  Fees   improvements    bonuses    Requirement  payments  governments 
Total payments to 
 governments         10,631.9        945.5          39.4     11,616.8   4,447.3      371.2      81.0       3.9            -        16,520.2     736.4     17,256.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Algeria(1)               -             -             -          -          -          93.3      1.5         -             -          94.8         -         94.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Directorate General 
 of Taxes                -             -             -          -          -          93.3       -          -             -          93.3         -         93.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Government of 
 Algeria                 -             -             -          -          -           -        1.5         -             -           1.5         -          1.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Australia(2)          8,193.0        560.1          39.4     8,792.5    4,199.0        -        21.6       3.3            -        13,016.4     362.8     13,379.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Australian Taxation 
 Office               8,193.0        560.1          39.4     8,792.5       -           -         -          -             -         8,792.5      24.8      8,817.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Central Highlands 
 Regional 
 Council                 -             -             -          -          -           -         -          -             -            -         4.4         4.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
City of 
 Kalgoorlie-Boulder      -             -             -          -          -           -         -          -             -            -         0.2         0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
City of Rockingham       -             -             -          -          -           -         -          -             -            -         0.1         0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Coal Mining 
 Industry Long 
 Service                 -             -             -          -          -           -         -          -             -            -         17.9       17.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Department of 
 Mines, Industry 
 Regulation and 
 Safety (Western 
 Australia)              -             -             -          -        170.5         -         -          -             -          170.5        -         170.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Isaac Regional 
 Council 
 (Queensland)            -             -             -          -          -           -         -          -             -            -         9.8         9.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Mackay Regional 
 Council 
 (Queensland)            -             -             -          -          -           -         -          -             -            -         0.6         0.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Muswellbrook Shire 
 Council 
 (New South Wales)       -             -             -          -          -           -         -         0.1            -           0.1        3.9         4.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Shire of Ashburton 
 (Western 
 Australia)              -             -             -          -          -           -         -          -             -            -         2.2         2.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Shire of Dundas          -             -             -          -          -           -         -          -             -            -         0.1         0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Shire of East 
 Pilbara (Western 
 Australia)              -             -             -          -          -           -         -          -             -            -         3.5         3.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Shire of Leonara 
 (Western 
 Australia)              -             -             -          -          -           -         -          -             -            -         0.8         0.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Shire of Wiluna 
 (Western 
 Australia)              -             -             -          -          -           -         -          -             -            -         1.2         1.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of New South 
 Wales(3)                -             -             -          -        191.3         -        2.2         -             -          193.5       7.8        201.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of 
 Queensland(3)           -             -             -          -       1,351.4        -        2.1        3.2            -         1,356.7      84.3      1,441.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of South 
 Australia               -             -             -          -        60.5          -        2.4         -             -          62.9        22.8       85.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of 
 Victoria(3)             -             -             -          -          -           -         -          -             -            -         23.6       23.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of Western 
 Australia               -             -             -          -       2,425.3        -        13.0        -             -         2,438.3     136.2      2,574.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Town of Port 
 Hedland (Western 
 Australia)              -             -             -          -          -           -         -          -             -            -         17.5       17.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Municipal Council 
 of Roxby 
 Downs                   -             -             -          -          -           -         -          -             -            -         1.0         1.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other Australian 
 Governments             -             -             -          -          -           -        1.9         -             -           1.9        0.1         2.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Barbados                 -             -             -          -          -           -        0.7         -             -           0.7         -          0.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Government of 
 Barbados                -             -             -          -          -           -        0.7         -             -           0.7         -          0.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Brazil                  1.6            -             -         1.6         -           -         -          -             -           1.6        4.8         6.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Federal Tax Revenue 
 Ministry               1.6            -             -         1.6         -           -         -          -             -           1.6        4.8         6.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Canada                 105.4           -             -        105.4        -           -        10.3       0.6            -          116.3       4.8        121.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Canada Revenue 
 Agency                106.8           -             -        106.8        -           -         -          -             -          106.8       1.2        108.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Finances Quebec          -             -             -          -          -           -         -         0.3            -           0.3        0.1         0.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Government of 
 Saskatchewan            -             -             -          -          -           -        9.2         -             -           9.2        0.1         9.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Ministry of Finance 
 - Ontario               -             -             -          -          -           -         -          -             -            -         0.1         0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Rural Municipality 
 of Leroy 
 (Saskatchewan)          -             -             -          -          -           -        1.1        0.1            -           1.2        2.9         4.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Rural Municipality 
 of Prairie 
 Rose 
 (Saskatchewan)          -             -             -          -          -           -         -         0.2            -           0.2        0.1         0.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Government of 
 British Columbia      (1.4)           -             -        (1.4)        -           -         -          -             -          (1.4)        -         (1.4) 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other Canadian 
 Governments             -             -             -          -          -           -         -          -             -            -         0.3         0.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Chile(4)              2,197.9        385.4           -       2,583.3       -           -        13.7        -             -         2,597.0      7.4       2,604.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Servicio de 
 Impuestos Internos   2,197.9        385.4           -       2,583.3       -           -        13.7        -             -         2,597.0      7.4       2,604.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
China                   1.7            -             -         1.7         -           -         -          -             -           1.7         -          1.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
China Tax Bureau        1.7            -             -         1.7         -           -         -          -             -           1.7         -          1.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
India                   0.3            -             -         0.3         -           -         -          -             -           0.3         -          0.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Income Tax 
 Department             0.3            -             -         0.3         -           -         -          -             -           0.3         -          0.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Japan                   0.2            -             -         0.2         -           -         -          -             -           0.2         -          0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
National Tax Agency     0.2            -             -         0.2         -           -         -          -             -           0.2         -          0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Malaysia                0.9            -             -         0.9         -           -         -          -             -           0.9         -          0.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Inland Revenue 
 Board                  0.9            -             -         0.9         -           -         -          -             -           0.9         -          0.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Mexico                  2.0            -             -         2.0         -           -        2.6         -             -           4.6        0.2         4.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Mexican Federal Tax 
 Administration         2.0            -             -         2.0         -           -        2.6         -             -           4.6        0.2         4.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Netherlands             0.1            -             -         0.1         -           -         -          -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Tax and Customs 
 Administration         0.1            -             -         0.1         -           -         -          -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Peru                   38.8            -             -         38.8        -           -        1.2         -             -          40.0         -         40.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Republica Del Peru       -             -             -          -          -           -        0.7         -             -           0.7         -          0.7 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
National 
 Superintendency 
 of Customs and Tax 
 Administration        38.8            -             -         38.8        -           -        0.5         -             -          39.3         -         39.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Philippines             0.5            -             -         0.5         -           -         -          -             -           0.5        0.5         1.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Bureau of Internal 
 Revenue                0.5            -             -         0.5         -           -         -          -             -           0.5        0.5         1.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Singapore              36.9            -             -         36.9        -           -         -          -             -          36.9         -         36.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Inland Revenue 
 Authority 
 of Singapore          36.9            -             -         36.9        -           -         -          -             -          36.9         -         36.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
South Africa(3)          -             -             -          -          -           -         -          -             -            -         22.6       22.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Receiver of Revenue      -             -             -          -          -           -         -          -             -            -         22.6       22.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Switzerland             0.2            -             -         0.2         -           -         -          -             -           0.2         -          0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Canton of Zug           0.2            -             -         0.2         -           -         -          -             -           0.2         -          0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Trinidad and 
 Tobago(5)              4.7            -             -         4.7         -         277.9      22.5        -             -          305.1       0.9        306.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Board of Inland 
 Revenue                4.7            -             -         4.7         -         277.9      22.5        -             -          305.1       0.9        306.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
United Kingdom(3)       1.3            -             -         1.3         -           -         -          -             -           1.3       311.5       312.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
City of Westminster      -             -             -          -          -           -         -          -             -            -         1.0         1.0 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Her Majesty's 
 Revenue & 
 Customs                1.3            -             -         1.3         -           -         -          -             -           1.3       310.5       311.8 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
United States of 
 America               46.4            -             -         46.4      248.3         -        6.9         -             -          301.6       20.9       322.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Arizona Department 
 of Revenue              -             -             -          -          -           -        0.2         -             -           0.2         -          0.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Arizona State Land 
 Department              -             -             -          -          -           -         -          -             -            -         0.5         0.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Internal Revenue 
 Service                 -             -             -          -          -           -        0.1         -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Louisiana 
 Department of 
 Revenue               11.5            -             -         11.5        -           -         -          -             -          11.5         -         11.5 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Texas Comptroller      (0.1)           -             -        (0.1)        -           -         -          -             -          (0.1)       3.0         2.9 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
US Nuclear 
 Regulatory 
 Commission              -             -             -          -          -           -        0.1         -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
US Department of 
 The Interior            -             -             -          -        248.3         -        6.3         -             -          254.6        -         254.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
US Department of 
 The Treasury          34.6            -             -         34.6        -           -         -          -             -          34.6        16.7       51.3 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Utah State Tax 
 Commission              -             -             -          -          -           -        0.1         -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of New Mexico      -             -             -          -          -           -         -          -             -            -         0.1         0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
United States 
 Treasury                -             -             -          -          -           -        0.1         -             -           0.1         -          0.1 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
State of Texas           -             -             -          -          -           -         -          -             -            -         0.6         0.6 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other US 
 Governments            0.4            -             -         0.4         -           -         -          -             -           0.4         -          0.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
 
Total payments to 
governments 
comprising: 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Continuing 
 operations          10,010.9        385.4           -       10,396.3   4,028.5        -        46.0       3.9            -        14,474.7     709.5     15,184.2 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Discontinued 
 operations            621.0         560.1          39.4     1,220.5     418.8       371.2      35.0        -             -         2,045.5      26.9      2,072.4 
                     ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
 

Figures are rounded to the nearest decimal point.

   1      Production entitlements of 1.2 million barrels of oil equivalent (boe) paid in-kind. 

2 Payments made for royalties in relation to the North West Shelf of US$170.5 million relate to the ad valorem royalty over which the Commonwealth has jurisdiction. Under the Offshore Petroleum (Royalty) Act 2006, the royalties are assessed and collected on behalf of the Commonwealth by the Government of Western Australia Department of Mines, Industry Regulation and Safety. Payments are currently allocated between the Commonwealth (approximately one-third) and Western Australia (approximately two-thirds).

3 UK stamp duty of US$307 million, South African securities transfer tax of US$23 million and the total of US$20 million stamp duty paid to the states of Queensland, Victoria and New South Wales were paid in relation to the unification of our corporate structure.

4 Income and mining taxes are paid in Chile on a calendar year basis. However, for the purpose of this Report, taxes paid are included for BHP's financial year (1 July 2021 to 30 June 2022). For reference, income tax and specific tax on mining activities paid by Escondida and Pampa Norte for CY2021 amount to US$1,713.0 million (Escondida) and US$30.6 million (Pampa Norte).

   5      Production entitlements of 5.4 million boe paid in-kind. 

Payments made on a project-by-project basis

 
                                                                                                                                 Total 
                                                                                                                  Signature,   payments 
                                               Taxes                                                 Payments     discovery   as defined                Total 
                 Corporate  Royalty-related    levied     Total                                        for           and        by the                payments 
                   income        income          on        taxes               Production         infrastructure  production      UK        Other        to 
US$ millions        tax           tax        production    paid    Royalties  entitlements  Fees   improvements    bonuses    Requirement  payments  governments 
Total payments 
 to governments  10,631.9        945.5          39.4     11,616.8   4,447.3      371.2      81.0       3.9            -        16,520.2     736.4     17,256.6 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Petroleum          621.0         560.1          39.4     1,220.5     418.8       371.2      35.0        -             -         2,045.5      26.9      2,072.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Algeria Joint 
 Interest 
 Unit(1)            0.3            -             -         0.3         -          93.3      1.5         -             -          95.1         -         95.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Australia 
 Production 
 Unit 
 - Victoria         2.9          (0.8)           -         2.1         -           -         -          -             -           2.1         -          2.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Australia 
 Production 
 Unit 
 - Western 
 Australia        (28.3)         126.3           -         98.0        -           -        1.4         -             -          99.4        6.0        105.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Bass Strait        132.1         434.6           -        566.7        -           -         -          -             -          566.7       0.4        567.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Gulf of Mexico     13.2            -             -         13.2      248.3         -        6.3         -             -          267.8       3.6        271.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
North West 
 Shelf             471.2           -            39.4      510.6      170.5         -         -          -             -          681.1        -         681.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Trinidad and 
 Tobago 
 Production 
 Unit2              0.9            -             -         0.9         -         277.9      22.5        -             -          301.3       0.9        302.2 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
UK Production 
 Unit               0.1            -             -         0.1         -           -         -          -             -           0.1         -          0.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other              28.6            -             -         28.6        -           -        3.3         -             -          31.9        16.0       47.9 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Minerals 
 Americas         2,218.0        385.4           -       2,603.4       -           -        25.3       0.3            -         2,629.0      16.6      2,645.6 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Escondida         1,774.7        375.0           -       2,149.7       -           -        10.3        -             -         2,160.0      5.1       2,165.1 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other Copper        3.7            -             -         3.7         -           -        2.2         -             -           5.9        0.3         6.2 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Pampa Norte(3)     400.3         10.4            -        410.7        -           -        2.5         -             -          413.2       2.0        415.2 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Potash Canada      (1.3)           -             -        (1.3)        -           -        10.3       0.3            -           9.3        4.4        13.7 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Head Office - 
 BHP Billiton 
 Brasil Ltda        1.6            -             -         1.6         -           -         -          -             -           1.6        4.8         6.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Head Office - 
 RAL Cayman 
 Inc               39.0            -             -         39.0        -           -         -          -             -          39.0         -         39.0 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Minerals 
 Australia        7,780.4          -             -       7,780.4    4,028.5        -        20.3       3.3            -        11,832.5     324.4     12,156.9 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
New South Wales 
 Energy Coal       (0.2)           -             -        (0.2)      191.3         -        2.2        0.1            -          193.4       12.5       205.9 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Nickel West        72.5            -             -         72.5      28.2          -        3.1         -             -          103.8       24.6       128.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Olympic Dam        16.9            -             -         16.9      60.5          -        2.5         -             -          79.9        24.8       104.7 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Other Coal         12.1            -             -         12.1        -           -         -          -             -          12.1        36.9       49.0 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Queensland 
 Coal(4)           785.1           -             -        785.1     1,351.4        -        2.1        3.2            -         2,141.8      92.2      2,234.0 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Western 
 Australia Iron 
 Ore              6,894.0          -             -       6,894.0    2,397.1        -        10.4        -             -         9,301.5     133.4      9,434.9 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Group and 
 Unallocated       12.5            -             -         12.5        -           -        0.4        0.3            -          13.2       368.5       381.7 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Closed Sites       17.3            -             -         17.3        -           -        0.4        0.3            -          18.0        1.0        19.0 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Corporate(5 6)    (14.0)           -             -        (14.0)       -           -         -          -             -         (14.0)      367.5       353.5 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Commercial          9.2            -             -         9.2         -           -         -          -             -           9.2         -          9.2 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
 
Total payments 
to governments 
comprising: 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Continuing 
 operations      10,010.9        385.4           -       10,396.3   4,028.5        -        46.0       3.9            -        14,474.7     709.5     15,184.2 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
Discontinued 
 operations        621.0         560.1          39.4     1,220.5     418.8       371.2      35.0        -             -         2,045.5      26.9      2,072.4 
                 ---------  ---------------  ----------  --------  ---------  ------------  ----  --------------  ----------  -----------  --------  ----------- 
 

Figures are rounded to the nearest decimal point.

   1      Production entitlements of 1.2 million boe paid in-kind. 
   2      Production entitlements of 5.4 million boe paid in-kind. 
   3      Includes withholding tax of US$286.3 million on the distribution of historical profits. 

4 Royalties, fees and other payments made by BM Alliance Coal Operations Pty Limited have been included in total payments to the extent of BHP's ownership of the operating entity, being 50 per cent.

5 The corporate income tax amount predominantly reflects the allocation of the Australian corporate income tax liability among members of the Australian tax consolidated group. For more information refer to Basis of Report preparation section.

6 UK stamp duty of US$307 million, South African securities transfer tax of US$23 million and the total of US$20 million stamp duty paid to the states of Queensland, Victoria and New South Wales were paid in relation to the unification of our corporate structure.

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September 06, 2022 02:00 ET (06:00 GMT)

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