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03 Companies and petroleum resource rent tax

OVERVIEW

For the 2010-11 income year:

·       788,983 companies lodged returns, a 1.2% increase from 2009–10

·       companies reported total income of $2,440 billion, a 8.2% increase from 2009–10

·       total company expenses were $2,201 billion, a 7.1% increase from 2009–10

·       companies were liable for $61.9 billion in net tax, a 15.9% increase from 2009–10.

For the 2011–12 financial year petroleum resource rent tax (PRRT) totalled $1.6 billion.

 

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