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.
We're a proud Australian company and a significant taxpayer, globally recognised for our approach to tax.
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.
We have participated in a number of Government enquiries and submissions relating to tax in Australia.
Explore the Sustainability Data Hub for a breakdown of Australian taxes paid over the past five years.
Find out more about our approach to tax in the 2020 Sustainable Development Report.
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.