Australia Expands Reportable Tax Position Schedule

The Australian Taxation Office (ATO) has announced that the reportable tax position schedule (RTPS) has been expanded to include all companies in economic groups with a turnover greater than AUD 250 million for years ending on or after 30 June 2018. The schedule requires companies to provide the ATO with information on three types of positions:

• Category A – uncertain tax positions in the income tax return;
• Category B – tax uncertainty in financial statements; and
• Category C – reportable arr…