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  • Guide to reportable tax positions 2017

    The Reportable tax position (RTP) schedule is a schedule to the company income tax return. It requires large businesses to disclose their most contestable and material tax positions.

    You are required to complete the RTP schedule if we have notified you in writing (including email) that you have to complete it.

    We use schedule disclosures to:

    • better understand tax risk for taxpayers, industries and the large market
    • further refine our risk differentiation framework categories to enhance the risk-based choices we make to prioritise our work
    • improve our dialogue with large businesses about their risk ratings and corporate governance
    • help us focus our compliance activities
    • gain justified trust on taxpayers' tax positions
    • identify areas of uncertainty in the tax law that may need  
      • law clarification or legislative improvements
      • further advice and guidance by us.

    We review your disclosures and work with you to provide an indication of how we will respond to each disclosure.

    RTP Category C is updated throughout the year. We recommend you use the electronic version of this document to ensure that you are reporting on the most up-to-date list of RTP Category C questions.

    What's new

    We have made substantial changes to RTP Category C this year. RTP Category C now covers a number of specific issues that are of a concern to us. You are required to answer the new Category C questions for your income years ending on or after 30 June 2017.

    We have also made changes to the exemption from lodging the RTP schedule for taxpayers in an Annual Compliance Arrangement (ACA). Taxpayers with an ACA will need to agree to provide full and true disclosure and engage in ongoing dialogue of all material tax matters, including any positions that fall within any RTP category as part of their ACA for the exemption.

    What's coming up

    We are extending the obligation to lodge an RTP schedule to companies in economic groups with turnover greater than $250 million. This change will apply for income years ending on or after 30 June 2018.

    We will notify you in writing (including email) if you are required to complete the RTP schedule with your tax return due to this change.

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    Last modified: 22 Jun 2017QC 50949