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  • Reportable tax position – change to lodgment requirements

    We no longer issue notifications to every taxpayer who has to lodge a Reportable tax position (RTP) schedule. In most instances, you must assess if you are required to submit the RTP schedule.

    If you match all the following criteria, you will need to lodge an RTP schedule for years ending on or after 30 June 2019:

    • you are a public company or a foreign owned company
    • your total business income is $25 million or more in the current tax return (for the 2017–18 year the 'total income' is reported at label 6S)
    • you are part of a public or foreign owned economic group with total business income of $250 million or more in the current or immediately prior year.

    Our definition of an economic group includes all entities (including companies, trusts, partnerships and other entities) that lodge an Australian tax return under a direct or indirect Australian or foreign ultimate holding company or other majority controlling interest.

    The total business income of an economic group is the sum of 'total income' labels reported in the latest tax returns for all members of the group.

    Although you may not meet the above criteria, you may still receive our notification to lodge the RTP schedule. We will issue RTP notifications to you if you are Australian outposts of significant global entities that source substantial income in Australia but do not meet the above thresholds.

    You can email ReportableTaxPosition@ato.gov.au if you need information or help to understand your requirement to lodge the RTP schedule.

    Last modified: 06 Feb 2019QC 57846