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  • Corporate tax transparency report for 2014-15

    The ATO has published some tax information for 1904 companies today in the corporate tax transparency report for 2014-15.

    The report includes:

    • 1579 Australian public and foreign-owned companies with an income of $100 million or more, and
    • 325 Australian-owned resident private companies with an income of $200 million or more.

    The name and ABN of each company is listed, as well as information taken from three labels of their tax returns: total income, taxable income and income tax payable. It also includes those entities with Petroleum Resource Rent tax (PRRT) payable.

    As required by law, the figures in the report are taken directly from tax returns lodged and processed, or amendments advised by taxpayers themselves, by 1 September 2016. It also doesn’t include any figures resulting from ATO initiated assurance and risk assessment activities.

    There are some taxpayers in this report with nil tax payable for the reporting period. No tax paid does not necessarily mean tax avoidance, and assumptions about an entity’s compliance with their tax obligations, or those of their associated groups, cannot be made solely on the basis of this data.

    In order to support company tax compliance, the ATO continues to have real-time engagement with large taxpayers, including access to a wide range of data, including tax return and accounting records, and third party data.

    More information

    The ATO has published guidance material to help to interpret the data:

    The 2014-15 Corporate Report of Entity Tax Information is available at: data.gov.au/dataset/corporate-transparencyExternal Link

    Last modified: 09 Dec 2016QC 50744