We pay our taxes

We are a global energy company, founded in Australia and a significant taxpayer.

A significant taxpayer

Woodside has paid more than A$13 billion in Australian taxes and royalties since 2011.

We pay our taxes, as and when due, in compliance with the law. We actively participate in several global ESG rating indices and our approach to tax is included within the leading group, relative to our industry peers.

Australian Taxation Office releases the 2020-21 Report of entity tax information

The information contained in the 2020-21 Report of entity tax information illustrates that Woodside’s entities had income tax payable totalling approximately A$390 million, which as a percentage of taxable income is near the 30% corporate tax rate for large business.

Read our media release
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.
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Our Australian tax contribution

The majority of Woodside’s revenues are from the sale of hydrocarbons from our producing assets located in Australia, and as a result Woodside pays more than 95% of its taxes in Australia. 

Our Australian Tax Contribution over the last 5 years to 2021 is presented in the data table. 

Our corporate income tax paid per country

Woodside also conducts business outside of Australia and as a result pays CIT in other jurisdictions. As disclosed in our Annual Report 2021 (p. 98) Woodside paid a total amount of US$ 271 million in 2021. This is further detailed on a country-by-country basis in the data table to the right. 

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We pay our taxes - Australia (FY21)
Like all Australian businesses, we are subject to, report on and pay Corporate Income Tax. However, as an energy producer in Australia a number of other taxes also apply, such as Federal Royalties, Federal Excise and Petroleum Resource Rent Tax (PRRT). In 2021 Woodside paid A$658 million to the Australian Commonwealth and State governments.