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.