About the expansion
This information will assist you in meeting your obligations to lodge a Reportable tax position (RTP) schedule, including your disclosure obligations.
All companies need to lodge an RTP schedule for years beginning on or after 1 July 2021 if they meet the RTP schedule lodgment criteria. This is the same for all types of companies, whether private, public or foreign-owned.
Entities that aren't companies, who are required to lodge company tax returns, don't need to lodge an RTP schedule. For example, a corporate limited partnership isn't required to lodge an RTP schedule.
For years beginning between 1 July 2020 and 30 June 2021, private companies only need to lodge the RTP schedule if we have notified them of the requirement to do so. The notification letters were issued in July and September 2020.
If you have questions or require further information, email us at ReportableTaxPosition@ato.gov.au.
Lodgment criteria
To access the RTP lodgment criteria see Who needs to complete the schedule? in the RTP schedule instructions.
Lodgment requirements
Private companies are required to lodge the RTP schedule for their:
- 2021–22 and later income years if they meet the RTP lodgment criteria
- 2020–21 income year if we have sent them a notification
2021–22 and later income years
You need to lodge an RTP schedule for the 2021–22 income years if you meet the RTP schedule lodgment criteria. This is the same for all types of companies, whether private, public or foreign-owned.
2020–21 income year
You need to lodge an RTP schedule for the 2020–21 income year if we've sent you a notification of the requirement to lodge. If you have an early balancing substituted accounting period, your first RTP schedule will be for the 2021–22 year. If your private company wasn't sent a notification, you're not required to lodge a 2021 RTP schedule.
Substituted accounting period
Large private companies with an early balancing substituted accounting period (SAP) starting before 1 July, will:
- not be required to lodge an RTP schedule for 2020–21
- be required to lodge an RTP schedule for 2021–22 if they're notified
- be required to lodge an RTP schedule for 2022–23 and subsequent years if they meet the lodgment criteria.
Large private companies with a late balancing SAP starting after 1 July, will be required to lodge an RTP schedule for:
- 2020–21 if they're notified
- 2021–22 and subsequent years if they meet the lodgment criteria.