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  • Remember to lodge your 2018 RTP schedule

    The reportable tax position (RTP) schedule is a schedule to the company income tax return that requires large businesses to disclose their most contestable and material tax positions. This year, the RTP has been extended to include companies in public or international economic groups with a turnover greater than $250 million.

    If you are required to lodge the RTP schedule, you would have received a letter or an email last year advising you of this.

    Additionally, soon we will send letters to June and late balancing taxpayers, reminding them to lodge the RTP schedule with their 2018 company tax return. We will send reminders to early 2019 balancers early next year. Please ensure that your postal address for income tax related mail is current.

    What’s new in 2018

    We have made a number of changes to the RTP schedule, which are covered in Guide to reportable tax positions 2018. If you are required to lodge an RTP schedule for an income year that ends on or after 30 June 2018, these changes may affect you.

    Key changes include:

    • additional guidance in relation to transfer pricing positions covered by RTP Category A
    • clarification on positions covered by RTP Categories B and C
    • update of RTP Category C including:  
      • the addition of six new questions
      • removal of one question in relation to Multinational Anti-Avoidance Law
    • revised wording of question 13 on Research and Development.

    Improvements to the lodgment process

    Following feedback, we have made improvements to the lodgment process where you can now lodge your schedule through the Business Portal and receive a receipt confirming lodgment. The Guide to reportable tax positions 2018 is now available on our website. Use the guide to help you complete and lodge your RTP schedule.

    See also:

      Last modified: 06 Jul 2018QC 56198