The reports inform public debate about tax policy in relation to the corporate tax system and are just one of many initiatives designed to:
- improve awareness about corporate tax
- increase community confidence that corporate entities are paying the right amount of tax
- encourage voluntary compliance.
For the 2022–23 income year and onwards, the corporate tax transparency population includes:
- any corporate tax entity that has total income equal to or exceeding $100 million
- entities that have petroleum resource rent tax (PRRT) payable.
For income years up to 2021–22 the following thresholds apply:
- Australian public and foreign-owned corporate tax entities with total income of $100 million or more
- Australian-owned resident private companies with total income of $200 million or more
- entities that have petroleum resource rent tax (PRRT) payable.
Prior year tax transparency reports can be found below:
- Corporate tax transparency report for 2021–22
- Corporate tax transparency report for the 2020–21 income year
- Corporate tax transparency report for the 2019–20 income year
- all prior year reports