We pay our taxes

We're a proud Australian company and a significant taxpayer, globally recognised for our approach to tax.

A significant taxpayer

In 2020, Woodside paid A$473 million in Australian corporate income tax, and a further A$234 million in other taxes and royalties.

We're a significant taxpayer in Australia, where the majority of our producing assets are located and 95% of our taxes are paid. Paying taxes due under law is one of the ways we support our social licence to operate. Woodside is placed as a leader amongst our peers in the Corporate Sustainability Assessment (CSA) for our approach to tax. The CSA is a global sustainability benchmark that tracks the performance of leading companies in terms of governance and economic, environmental, and social criteria.

Our 2020 tax snapshot

A summary of our tax contribution in the 2020 financial year

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Our approach to tax

Woodside is committed to maintaining open and constructive relationships with our tax policy setters and administrators, both domestic and foreign. We recognise the need to be open, transparent and accountable to maintain the trust of our stakeholders.

Recognised leader in approach to tax

Woodside is placed as a leader amongst our peers in the Corporate Sustainability Assessment for our approach to tax.

Australian Tax Office releases 2018-19 Report of entity tax information

The data reported in the Australian Tax Office (ATO) 2018-19 Report of entity tax information shows that in respect of the financial year ended 30 June 2019, three Woodside corporate entities had combined taxable income of A$3.9 billion and income tax payable of A$583 million.

Read our media release