Section 12, No. The Extractive Industries Revenue Act 2018No. The Extractive Industries Revenue Act 2018

(1) A holder of a mining licence that has accumulated netreceipts for a year of assessment from a separate mineral operation shall pay mineral resource rent tax. (2) The amount of mineral resource rent tax referred to in subsection (1), shall be calculated by applying the rate specified in paragraph 7 of the First Schedule to the accumulated net receipts for the year. (3) Subject to section 17, for the purposes of calculating mineral resource rent tax, subsection (2) of section 5 shall not apply. (4) Mineral resource rent tax shall be imposed in addition to any other tax or charge, including income tax. Minimum tax and small micro taxpayers. Mineral Resource rent tax imposed. (b) may be included in the gross receipts of a year of assessment irrespective of whether or not it is actually received during that year.