BHP to pay $ 386 million to settle a tax debate on the Singapore marketing unit

FILE AUDIT: BHP Billiton's advertising sign is up to date in Sydney, Australia, August 20, 2013. REUTERS / David Gray / Photo File

(Reuters) – BHP Monday's global mineral commented that he signed an agreement with the Australian Tax Office (ATO) to resolve a dispute price dispute over his marketing jobs in Singapore.

As part of the contract, the world's largest miner will pay around $ 529 million ($ 386.43 million) in taxes plus revenue for 2003 to 2018, BHP said in a statement.

The dispute related to the level of Australian tax payable from the sale of BHP products from Australia to the BHP marketing industry in Singapore.

Statement by Aditya Soni in Bengaluru; Prepared by Christian Schmollinger

On Standards:Thomson Reuters Trust Principles.

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