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  1. Home
  2. Who we are
  3. Our approach to tax

Our approach to tax

In Australia, bp collected and paid $8.2 billion in taxes in 2023
Quick links
Tax report 2023 pdf / 602.6 KB
Tax report 2022 pdf / 1.1 MB
Tax report 2021 pdf / 509.9 KB
Tax report 2020 pdf / 748 KB
Tax report 2019 pdf / 1.5 MB
Tax report 2018 pdf / 1.5 MB
Tax report 2017 pdf / 617.8 KB
Tax report 2016 pdf / 601.3 KB
Tax report 2020 (global)

We collect and/or pay:

  • corporate income tax
  • downstream fuel excise
  • royalties and excise in respect of North West Shelf production
  • fringe benefits tax
  • payroll tax
  • stamp duties
  • land taxes
  • withholding taxes

 

In addition, we collect and pay employee taxes as well as goods and services tax.

 

Worldwide tax contribution

bp’s total tax contribution for 2023 was US$46.2 billion. This comprises the taxes we ‎paid ‎and collected on our global operations.‎‎ 

 

We had operations in 61 countries in 2023. More than 98% of the total taxes we paid and ‎‎93% of total taxes we collected arose in our major countries of operation. 

 

To view the total tax contribution for our global operations and the tax contributions to the countries in which we operate, visit the tax transparency page on the global bp website.