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  • Reportable tax position (RTP) schedule

    The RTP schedule must be included in an entity's company tax return where they have answered 'yes' to question 25 on the company tax return.

    The schedule captures three types of disclosures:

    • RTP Category A – tax uncertainty reflected in the taxpayer’s company tax return
    • RTP Category B – uncertain tax position recognised or contingent liability (asset) disclosed in the taxpayer's financial statements
    • RTP Category C – specific arrangements of concern or self-assessed risk ratings for arrangements covered by practical compliance guidelines.

    Who needs to complete the RTP schedule

    A taxpayer will need to complete an RTP schedule if any of the following apply:

    • we have notified them in writing
    • they are a public company or a foreign-owned company and their total business income is either:
      • $250 million or more in the current year
      • $25 million or more in the current year and they are part of a public or foreign owned economic group whose total business income is $250 million or more in the current year or the immediate prior year.
       

    If a taxpayer meets the criteria to lodge the schedule, they must do so even if they have no disclosures to make.

    A taxpayer won't need to complete an RTP schedule if they aren't lodging a company tax return for the entire year (12 months or more).

    Research and development (R&D) tax incentive schedule

    Any research and development tax incentive claims, including amendments, must be accompanied by a Research and development tax incentive schedule (R&D schedule).

    Only one schedule can be submitted with each company tax return.

    See also:

    If you make a request for an amendment

    If your client requests an amendment that includes changes to their R&D claim, you must complete an R&D schedule showing the amended figures and lodge with an amended company tax return form.

      Last modified: 24 Jun 2021QC 49409