The Reportable tax position (RTP) schedule is an obligation that is currently completed by Australia’s largest public and private companies. From Tax Time 2026, large superannuation funds and collective investment vehicles (CIVs) will also be required to complete the RTP schedule.
The inclusion brings the reporting obligations of these entities into line with other large taxpayers that have a significant impact on the Australian economy. It will complement our current engagement and assurance approaches, streamline our information gathering process and enable us to better tailor our engagements.
Increasing the scope and regularity of self-disclosure obligations on taxpayers with complex arrangements will assist us to:
- better direct our focus on what’s needed to maintain high levels of assurance
- continue to detect and treat areas of low assurance.
The instructions to the RTP schedule will outline the specific questions that these large taxpayers are required to answer and will include public advice and guidance that is specific to their industry.
Keep an eye on our newsletters and website as we’ll publish content and instructions on how to complete the schedule before you need to complete your return.
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