Communities & Relationships
Effective tax rate
During FY21, we contributed a total of $524 million in taxes (including corporate income tax instalments of $106 million). Our effective tax rate on Underlying Profit is broadly in line with the Australian corporate tax rate of 30%. The effective tax rate has declined for FY21 due to prior year adjustments.
Year | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
Effective tax rate | 29.6% | 29.5% | 29.1% | 28.3% | 27.0% |
Notes
Effective tax rate refers to AGL Energy’s underlying income tax expense expressed as a percentage of AGL Energy’s Underlying Profit.