Board of Taxation consults on updated tax transparency code

The key changes proposed by the Board of Taxation appear reasonable given the evolved transparency landscape, as detailed by Phil Beswick, Sean Madden, Val Misiura, Amanda Maguire and Katryne Chia.

Australia's Voluntary Tax Transparency Code (VTTC) was introduced in 2016 to enable businesses to provide greater public disclosure on their tax information through a voluntary tax transparency report (TTR). The Board of Taxation (BoT), the body which developed and administers the VTTC, released a consultation paper on 5 June 2025, proposing that the VTTC be simplified and updated given developments in the Australian and global tax transparency landscape. The consultation paper puts forward...

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Authors: Philip Beswick, Sean Madden,

Published Date: 06 June 2025