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  • Highlights

    • There are 2,370 entities in this year's population; this represents a net increase of 59 entities (2.6%) on 2018–19.
    • Total income increased to $2,184.5 billion, an increase of 2.6%.
    • Taxable income increased to $208.4 billion, an increase 0.1%.
    • Tax payable increased to $57.2 billion, an increase of 2.0%.
    • Foreign-owned entities account for 58.2% of the corporate transparency population in 2019–20 and 28.9% of tax payable.
    • Australian public entities account for 21.6% of the population and 62.8% of tax payable.
    • Australian private entities account for 20.2% of the population and nearly 8.3% of tax payable.
    • Entities with income of more than $5 billion represent around 2.7% of the corporate transparency population and account for around 57.0% of tax payable (around $32.6 billion).
    • Entities with income of between $250 million and $5 billion represent the largest portion 55.7% of the corporate transparency population, and also account for 37.9% of the tax payable (around $21.7 billion).
    • Smaller entities – those with income of less than $250 million – account for 41.6% of the population but only 5.0% of the tax payable (around $2.9 billion).
    • Tax payable in the corporate tax transparency population was again dominated by the mining, energy and water segment in 2019–20. The share of tax payable attributable to the mining, energy and water segment was again higher than in previous years, primarily due to high iron ore prices.
    • 33.0% of the population did not pay any tax (782 entities).
    • PRRT payable is down 16.7% this year to $881.2 million.
      Last modified: 10 Dec 2021QC 67484