IRPD statistics 2022–23

More detailed data

For more detailed data on data.gov.au, see:

• Table 1External Link: Selected items by IRPD type, 2015–16 to 2022–23 income years
• Table 2External Link: IRP expenditure and revenue by country/jurisdiction, 2016–17 to 2022–23 income years.

IRPD snapshot

The snapshot summarises IRP expenditure and IRP revenue, including:

• total expenditure and revenue for all entities
• expenditure and revenue broken down by entity type.

Chart 1: IRP expenditure and revenue, 2018–19 to 2022–23 income years

Download data from the 2018–19 income year onwards at Table 3External Link.

Table 1: IRP expenditure by entity type, 2018–19 to 2022–23 income years

Entity type	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Companies	270,674	280,241	268,334	314,750	407,228
Partnerships	472	548	542	754	1,083
Trusts	2,428	2,733	2,092	2,063	2,326
Total	273,574	283,523	270,968	317,566	410,637

Table 2: IRP revenue by entity type, 2018–19 to 2022–23 income years

Entity type	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Companies	186,057	197,892	200,753	244,692	290,276
Partnerships	1,166	1,525	1,226	1,428	2,447
Trusts	1,029	1,108	1,465	1,292	1,156
Total	188,252	200,525	203,444	247,412	293,880

IRP expenditure

This section provides an overview of total IRP expenditure, including break downs by IRPD type.

Chart 2 and Chart 3 show that IRP expenditure is highly concentrated.

In the 2022–23 income year:

• Entities that disclose more than $500 million in IRP expenditure
  • account for 60% of total IRP expenditure
  • represent 2% of those that disclose IRP expenditure.
• Entities that disclose up to $10 million in IRP expenditure
  • account for 4% of total IRPD expenditure
  • represent 71% of those that disclose IRP expenditure.

Chart 2: IRP expenditure – Pareto chart of ranged IRP expenditure per entity (dollar value), 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

Chart 3: IRP expenditure – Histogram of ranged IRP expenditure per entity (counts), 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

Chart 4 shows the majority of IRP expenditure (by dollar value) relates to tangible goods of a revenue nature (purchase of trading stock and raw materials), followed by expenditure in respect of services and financial dealings.

Chart 4: IRP expenditure by IRPD type, 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.The following tables provide break downs of IRP expenditure:

• Table 3 shows the total dollar value by IRPD type
• Table 4 shows entity counts, averages (means) and medians by IRPD type.

Table 3: IRP expenditure by IRPD type, 2018–19 to 2022–23 income years

IRPD type	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Tangible property of a revenue nature	183,180	185,973	174,047	205,118	267,898
Royalties and licence fees	9,228	9,372	9,856	10,729	12,410
Rent and leasing	980	807	606	755	798
Service arrangements	43,480	49,593	51,005	60,900	74,403
Total financial dealings	30,727	31,709	29,356	32,676	45,054
a) Interest	18,282	18,012	13,550	12,467	16,800
b) Guarantees	931	949	705	531	507
c) Insurance	685	854	931	997	1,139
d) Reinsurance	6,351	5,941	7,077	8,204	9,485
e) Derivatives	3,993	5,005	6,579	9,819	16,578
f) Other financial	485	947	514	657	545
Share-based employee remuneration	1,054	1,281	1,381	1,757	2,304
Other IRPDs	4,925	4,786	4,718	5,632	7,771
Total	273,574	283,523	270,968	317,566	410,637

Download data from the 2015–16 income year onwards at Table 1External Link.

Table 4: IRP expenditure – entity counts, averages and medians, by IRPD type, 2021–22 to 2022–23 income years

IRPD type	Entities (no.) 2021–22	Average ($) 2021–22	Median ($) 2021–22	Entities (no.) 2022–23	Average ($) 2022–23	Median ($) 2022–23
Tangible property of a revenue nature	3,415	60,063,807	6,581,024	3,427	78,172,627	7,105,556
Royalties and licence fees	1,409	7,614,716	950,503	1,438	8,630,003	1,115,321
Rent and leasing	179	4,216,684	506,873	161	4,958,731	763,829
Service arrangements	5,310	11,468,857	992,779	5,491	13,549,923	1,165,633
Total financial dealings	4,421	7,391,030	280,500	4,463	10,094,951	356,924
a) Interest	3,995	3,120,738	254,881	4,048	4,150,124	342,218
b) Guarantees	302	1,759,625	101,718	311	1,631,536	115,632
c) Insurance	420	2,373,359	89,697	408	2,791,771	109,555
d) Reinsurance	45	182,312,534	69,287,994	42	225,826,115	83,574,978
e) Derivatives	180	54,551,848	1,792,683	179	92,616,745	2,548,035
f) Other financial	133	4,938,196	343,666	131	4,156,640	405,392
Share-based employee remuneration	474	3,706,288	476,256	497	4,635,487	417,313
Other IRPDs	1,275	4,417,370	308,303	1,332	5,833,810	373,846
Total	8,529	37,233,688	2,880,734	8,737	46,999,744	3,231,092

In Table 4:

• Counts, averages (means) and medians are calculated excluding zeros.
• Total components do not add to the total count of entities disclosing IRP expenditure because taxpayers may disclose more than one IRPD type.

Download selected data from the 2015–16 income year onwards at Table 1External Link.

IRP revenue

This section provides an overview of total IRP revenue, including break downs by IRPD type.

Chart 5 and Chart 6 show that IRP revenue is highly concentrated. In the 2022–23 income year:

• Entities that disclose more than $500 million in IRP revenue
  • account for 69% of total IRP revenue
  • represent 1% of those that disclose IRP revenue.
• Entities that disclose up to $10 million in IRP revenue
  • account for 4% of total IRP revenue
  • represent 77% of those that disclose IRP revenue.

Chart 5: IRP revenue – Pareto chart of ranged IRP revenue per entity (dollar value), 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

Chart 6: IRP revenue – Histogram of ranged IRP revenue per entity (counts), 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

Chart 7 shows the majority of IRP revenue (by dollar value) relates to tangible goods of a revenue nature (sale of trading stock and raw materials), followed by revenue in respect of services and financial dealings.

Chart 7: IRP revenue by IRPD type, 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

The following tables provide break downs of IRP revenue:

• Table 5 shows the total dollar value by IRPD type
• Table 6 shows entity counts, averages (means) and medians by IRPD type.

Table 5: IRP revenue by IRPD type, 2018–19 to 2022–23 income years

IRPD type	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Tangible property of a revenue nature	128,046	134,746	135,760	176,549	208,958
Royalties and licence fees	3,164	3,286	3,917	4,958	5,448
Rent and leasing	338	313	237	267	301
Service arrangements	35,264	40,561	39,492	44,109	52,188
Total financial dealings	15,540	15,566	18,208	14,877	18,429
a) Interest	3,770	3,709	2,823	2,411	4,764
b) Guarantees	180	174	243	134	71
c) Insurance	497	497	317	383	925
d) Reinsurance	5,782	5,770	8,825	6,181	6,976
e) Derivatives	5,037	5,215	5,737	5,628	5,441
f) Other financial	274	201	263	139	253
Share-based employee remuneration	196	271	261	594	494
Other IRPDs	5,706	5,781	5,569	6,057	8,060
Total	188,252	200,525	203,444	247,412	293,880

Download data from the 2015–16 income year onwards at Table 1External Link.

Table 6: IRP revenue – counts, averages and medians, by IRPD type, 2021–22 to 2022–23 income years

IRPD type	Entities (no.) 2021–22	Average ($) 2021–22	Median ($) 2021–22	Entities (no.) 2022–23	Average ($) 2022–23	Median ($) 2022–23
Tangible property of a revenue nature	2,382	74,118,095	1,188,755	2,398	87,138,628	1,300,207
Royalties and licence fees	568	8,729,388	824,514	563	9,677,052	920,321
Rent and leasing	114	2,340,811	446,528	96	3,133,866	478,235
Service arrangements	4,600	9,588,974	1,635,767	4,864	10,729,473	1,793,848
Total financial dealings	2,153	6,909,757	138,182	2,320	7,943,721	280,964
a) Interest	1,947	1,238,555	107,981	2,123	2,244,071	229,385
b) Guarantees	60	2,240,395	127,462	48	1,482,068	228,441
c) Insurance	109	3,516,809	191,517	112	8,260,104	220,286
d) Reinsurance	40	154,517,006	48,474,719	40	174,387,568	57,524,750
e) Derivatives	156	36,075,752	1,687,903	165	32,972,775	1,763,202
f) Other financial	62	2,241,727	219,549	73	3,465,590	365,497
Share-based employee remuneration	78	7,619,515	469,728	82	6,026,935	564,759
Other IRPDs	1,184	5,116,021	442,556	1,228	6,563,786	464,775
Total	6,586	37,566,372	2,127,894	6,859	42,845,836	2,333,666

In Table 6:

• Counts, averages (means) and medians are calculated excluding zeros.
• Total components do not add to the total count of entities disclosing IRP revenue because taxpayers may disclose more than one IRPD type.

Download selected data from the 2015–16 income year onwards at Table 1External Link.

IRP inbound borrowings

This section provides statistics for IRP inbound borrowings. The average quarterly balance of debt interests on issue to related parties (inbound borrowings) is broken down into:

• Interest-free debt, where no interest or other return is payable
• Interest-bearing debt, where interest or other return is payable.

Table 7: IRP inbound borrowings, 2018–19 to 2022–23 income years

IRP inbound borrowings	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Average debt balance	534,194	534,523	523,815	515,856	511,206
a) Interest-free	114,716	107,005	113,573	115,899	122,743
b) Interest-bearing	419,478	427,518	410,242	399,958	388,462
Interest expense	18,282	18,012	13,550	12,467	16,800
Implied interest rate (%)	4.3%	4.2%	3.3%	3.1%	4.3%

Table 8: IRP inbound borrowings – entity counts, averages and medians, 2021–22 to 2022–23 income years

IRP inbound borrowings	Entities (no.) 2021–22	Average ($) 2021–22	Median ($) 2021–22	Entities (no.) 2022–23	Average ($) 2022–23	Median ($) 2022–23
Average debt balance	6,869	75,099,189	6,300,000	6,907	74,012,699	6,403,336
a) Interest-free	3,565	32,510,140	3,668,625	3,604	34,057,561	3,803,153
b) Interest-bearing	4,074	98,173,217	8,267,260	4,093	94,908,933	8,184,261
Interest expense	3,995	3,120,738	254,881	4,048	4,150,124	342,218

For Table 7 and Table 8:

• Interest expense includes interest expenditure for accounting purposes and capitalised interest deducted for income tax purposes.
• The implied interest rate is calculated on interest-bearing debt and excludes some interest where no average debt balance is disclosed due to data issues.
• Entity counts for interest-free and interest-bearing debt do not add to total entity counts because the same taxpayer may issue interest-free and interest-bearing debt.
• Counts, averages (means) and medians are calculated excluding zeros.

Download selected data from the 2015–16 income year onwards at Table 1External Link.

IRP outbound loans

This section provides statistics for IRP outbound loans. The average quarterly balance of debt interests held in related parties (outbound loans) is broken down into:

• Interest-free debt, where no interest or other return is charged
• Interest-bearing debt, where interest or other return is charged.

Table 9: IRP outbound loans, 2018–19 to 2022–23 income years

IRP outbound loans	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
Average debt balance	159,570	166,064	164,240	178,435	192,307
a) Interest-free	34,676	39,376	39,463	49,647	52,239
b) Interest-bearing	124,895	126,688	124,776	128,788	140,068
Interest revenue	3,770	3,709	2,823	2,411	4,764
Implied interest rate (%)	3.0%	2.9%	2.2%	1.8%	3.4%

Table 10: IRP outbound loans – entity counts, averages and medians, 2021–22 to 2022–23 income years

IRP outbound loans	Entities (no.) 2021–22	Average ($) 2021–22	Median ($) 2021–22	Entities (no.) 2022–23	Average ($) 2022–23	Median ($) 2022–23
Average debt balance	4,336	41,152,062	4,349,029	4,319	44,525,875	4,693,317
a) Interest-free	2,721	18,245,912	2,599,644	2,649	19,720,418	2,799,867
b) Interest-bearing	2,085	61,768,927	6,851,666	2,136	65,574,844	7,612,378
Interest revenue	1,947	1,238,555	107,981	2,123	2,244,071	229,385

For Table 9 and Table 10:

• Interest revenue includes interest revenue for accounting purposes and capitalised interest returned for income tax purposes.
• The implied interest rate is calculated on interest-bearing debt and excludes some interest where no average debt balance is disclosed due to data issues.
• Entity counts for interest-free and interest-bearing debt do not add to total entity counts because the same taxpayer may hold interest-free and interest-bearing debt.
• Counts, averages (means) and medians are calculated excluding zeros.

Download selected data from the 2015–16 income year onwards at Table 1External Link.

IRPDs by jurisdiction

This section provides statistics for total IRP expenditure and IRP revenue according to the jurisdiction or country where the related party is located.

Chart 8: Jurisdictions by IRPD value, 2022–23 income year

Download data for the 2022–23 income year at Table 3External Link.

Table 11: Top 10 jurisdictions by IRP expenditure, 2020–21 to 2022–23 income years

Jurisdiction (Top 10 rank)	IRP expenditure ($m) 2020–21	IRP expenditure ($m) 2021–22	IRP expenditure ($m) 2022–23	% share of total 2022–23	% growth 2022–23 to 2022–23	3-year average % growth
1. Singapore	67,327	84,358	128,963	31.4%	52.9%	20.5%
2. United States	37,173	44,173	54,294	13.2%	22.9%	14.6%
3. United Kingdom	19,812	23,249	33,255	8.1%	43.0%	21.1%
4. Japan	21,193	24,370	25,541	6.2%	4.8%	6.9%
5. Germany	17,082	18,629	21,859	5.3%	17.3%	9.6%
6. Switzerland	13,459	15,025	18,663	4.5%	24.2%	10.5%
7. Ireland	10,832	12,743	16,090	3.9%	26.3%	19.9%
8. Hong Kong	9,101	9,593	11,663	2.8%	21.6%	5.9%
9. Netherlands	8,589	8,968	11,503	2.8%	28.3%	7.9%
10. South Korea	6,747	8,124	10,004	2.4%	23.1%	13.1%
All other jurisdictions	59,446	67,707	78,435	19.1%	15.8%	9.8%

Table 12: Top 10 jurisdictions by IRP revenue, 2020–21 to 2022–23 income years

Jurisdiction (Top 10 rank)	IRP revenue ($m) 2020–21	IRP revenue ($m) 2021–22	IRP revenue ($m) 2022–23	% share of total 2022–23	% growth 2021–22 to 2022–23	3-year average % growth
1. Singapore	83,808	106,861	120,881	41.1%	13.1%	16.8%
2. United States	25,747	29,872	35,790	12.2%	19.8%	12.8%
3. Switzerland	12,945	17,995	26,758	9.1%	48.7%	26.6%
4. Japan	12,299	14,161	20,391	6.9%	44.0%	14.4%
5. United Kingdom	13,494	14,014	14,904	5.1%	6.4%	3.4%
6. Hong Kong	8,431	11,752	11,885	4.0%	1.1%	5.4%
7. New Zealand	7,966	9,071	10,757	3.7%	18.6%	13.1%
8. China	5,832	8,210	10,408	3.5%	26.8%	23.6%
9. Netherlands	2,717	4,260	5,892	2.0%	38.3%	31.9%
10. Ireland	3,660	4,020	4,499	1.5%	11.9%	6.2%
All other jurisdictions	25,855	27,219	31,893	10.8%	17.2%	7.6%

For Table 11 and Table 12:

• Top 10 rank reflects the ten countries or jurisdictions with the highest dollar value of IRP expenditure or of revenue in the 2022–23 income year.
• The sum of IRP expenditure or IRP revenue for all jurisdictions may not reconcile to total IRP expenditure or revenue elsewhere in these statistics due to source data limitations and differences. Refer to IRPD methodology for more information.

Download data from the 2016–17 income year onwards at Table 2External Link.

IRPD lodgments

This section provides statistics for IRPD lodgments by report type.

IRPD lodgments refers to lodgments by entities that disclose monetary IRPDs (excluding foreign exchange gains and losses) in the IDS or LFPA.

IRPD statistics for IRP expenditure and IRP revenue are sourced from processed:

• International dealings schedules (IDS)
• Local file – Part A (LFPA) lodgments from country-by-country (CBC) reporting entities, that are made up of entities that either
  • adopt the local file administrative solution (admin solution), and disclose IRPDs in the LFPA and not in the IDS
  • do not adopt the admin solution (non-admin solution), most of which disclose IRPDs in both the IDS and the LFPA.

For the 2022–23 income year:

• Chart 9 and Table 13 show that the IDS is the most common report type (by count) used to disclose IRPDs.
• Chart 10 and Table 14 show that CBC reporting entities that adopt the admin solution account for most IRP expenditure and IRP revenue (by dollar value).

Chart 9: IRPD lodgments by report type, 2022–23 income year

Table 13: Number of IRPD lodgments by income year and report type, 2018–19 to 2022–23 income years

Report type	2018–19 (no.)	2019–20 (no.)	2020–21 (no.)	2021–22 (no.)	2022–23 (no.)
IDS	7,045	7,198	7,238	7,523	7,460
LFPA	3,647	3,902	4,017	4,128	4,396
a) Admin solution	2,352	2,696	2,857	2,975	3,186
b) Non-admin solution	1,295	1,206	1,160	1,153	1,210
Total	10,692	11,100	11,255	11,651	11,856

For Chart 9 and Table 13:

• Download data from the 2018–19 income year onwards at Table 3External Link.

Chart 10: Value of IRPD lodgments by report type, 2022–23 income year

Table 14: Value of IRPD lodgments by income year and report type, 2018–19 to 2022–23 income years

Report type	2018–19 ($m)	2019–20 ($m)	2020–21 ($m)	2021–22 ($m)	2022–23 ($m)
IDS	55,134	49,779	47,363	54,257	59,740
LFPA	406,693	434,269	427,050	510,721	644,776
a) Admin solution	298,835	374,924	379,824	478,803	605,753
b) Non-admin solution	107,858	59,345	47,225	31,918	39,023
Total	461,827	484,048	474,412	564,978	704,516

For Chart 10 and Table 14:

• Value refers to the total dollar value of IRP expenditure and IRP revenue.
• Download data from the 2018–19 income year onwards at Table 3External Link.