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  • Reportable tax position schedule

    The reportable tax position (RTP) schedule is a schedule to the company income tax return.

    You are required to lodge the schedule if your entity meets the criteria listed in the RTP schedule instructions for the relevant year, even if your entity has no disclosures to make.

    From 1 July 2020, the requirement to lodge an RTP schedule has expanded to include large private companies. For the first year (2020–21), large private companies only needed to lodge the RTP schedule if we notified them of the requirement to do so. For income years starting from 1 July 2021, private companies will need to self-assess their requirement to lodge the RTP schedule.

    The positions that are reportable tax positions have changed over income years. When completing your company's tax return, refer to the Reportable tax position schedule instructions for the relevant income year.

    We use schedule disclosures to:

    • tailor our engagement and work with taxpayers to resolve concerns and provide assurance over complex high-risk arrangements
    • improve our understanding of the risk profile and corporate governance of taxpayers and how we engage with them
    • identify where we need to provide further clarification or certainty on the correct tax treatment of complex high-risk arrangements and transactions
    • better understand tax risks across the large business population.

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    RTP lodgment requirements expanded to large private companies

    For income tax years starting on or after 1 July 2020, all companies that meet the criteria are required to lodge an RTP schedule.

    For the 2020–21 income year, we notified large private companies if they were required to lodge the RTP schedule. If your large private company was not sent a notification, it is not required to lodge a 2021 RTP schedule.

    From the 2021–22 income year onwards, private companies will need to self-assess against the lodgment criteria in the RTP schedule instructions to determine if they are required to lodge. Public and foreign owned companies (including foreign owned private companies) will still need to self-assess against the lodgment criteria in the RTP schedule instructions to determine if they are required to lodge.

    We have included the requirements for large private companies in the RTP schedule instructions 2021.

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    Last modified: 28 Jun 2021QC 48014