06/08/2023 | Press release | Distributed by Public on 06/07/2023 21:20
The Australian Taxation Office (ATO) has released its annual Taxation statistics report. The report contains data extracted from tax returns and related schedules for individuals, companies, superannuation funds, partnerships, and trusts for the 2020-21 income year.
This report also includes information relating to the 2021-22 financial or fringe benefits tax year, including goods and services tax (GST), excise and fuel schemes and fringe benefits tax (FBT).
The data provides detailed and valuable insights into the Australian economy that can inform discussion by a wide range of governments, researchers and commentators.
The 2020-21 report is significant as it is the first data set that includes an entire income year impacted by COVID-19. For example, as a result of more individuals working from home due to the pandemic, the data shows an increase in other work-related expenses.
There are two new detailed tables included, relating to partnerships and trusts. The new tables show data from rental property schedules. The data is split by the state/territory of the property and the overall net rental position.
Points of interest in the 2020-21 report:
For the full breakdown of the 2020-21 statistics, visit ato.gov.au/taxstats.
ATO file footage is available for use in news bulletins from our media centre.
The Australian Taxation Office (ATO) has released its annual Taxation statistics report.Last modified: 08 Jun 2023QC 72788