https://www.miningweekly.com

Woodside reveals 2020 taxes

10th December 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Energy producer Woodside Energy on Friday revealed Australian corporate income tax of A$454-million from a combined income of A$3.1-billion in the 2020 financial year, for its three corporate entities.

In 2020, Woodside paid A$473-million in Australian corporate income tax and a further A$234-million in other taxes and royalties, with the company having paid more than A$10-billion in Australian taxes and royalties since 2011.

“Woodside does the right thing when it comes to paying our taxes in Australia,” said Woodside CEO Meg O’Neill.

“As one of the country’s largest taxpayers, Woodside is subject to the Australian Taxation Office’s (ATO’s) Justified Trust program and has achieved the highest assurance rating, attained by just under half of the top 100 taxpayers. The rating means that the ATO is assured that Woodside is paying the right amount of income tax.

“We value the trust of our employees, contractors, suppliers and customers, and we know that transparency and accountability are core to maintaining that trust,” she said.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.899s - 110pq - 2rq
Subscribe Now