On 10 Mar 2023, the Australian Taxation Office (ATO) has released the Reportable Tax Position (RTP) schedule for 2023. To determine whether a company needs to file an RTP schedule, they must conduct a self-assessment.

Entities need to complete the RTP schedule if that entity:

  • is lodging a company tax return for the entire year (12 months or more);
  • has total business income of either:
    • $250 million or more in the current year; or
    • $25 million or more in the current year and is part of an economic group with total business income of $250 million or more in the current year.

Companies that meet the total business income threshold must use the Reportable tax position schedule 2023 (NAT 74066). The ATO may also require a company to file an RTP schedule, even if they do not meet the aforementioned criteria.