In December last year, the ATO published on its website the Corporate tax transparency report 2019–20. This is the 7th annual report on corporate tax transparency.
The report analyses aggregated data from the 2019–20 income tax returns of some of the largest corporations operating in Australia:
- Australian public and foreign-owned corporate tax entities with total income of $100 million or more;
- Australian-owned resident private companies with total income of $200 million or more;
- entities that have petroleum resource rent tax (PRRT) payable.
Read our complete February 2022 TaxWise Business Newsletter here.