Tax note
Our Code of Business Principles sets out the standards of behaviour we expect all employees to adhere to. This is no different when it comes to taxation. While Unilever has a clear responsibility to comply in full with the laws in the countries in which we operate, we also choose to do this by respecting not only the letter of the law but also the underlying tax policy intent. We’re continually working to help fulfil our purpose as a business – To Make Sustainable Living Commonplace.
Taking a big stand for small business
From July 1, 2018 we’ve adopted the Business Council of Australia voluntary supplier payment code for eligible Australian small business suppliers. This means where Unilever in Australia spends less than $50,000 per annum with a supplier the payment terms will be 30 days from correct invoice submission. It’s about all business, big and small, working to ensure healthy cash flows and help build business vitality.
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Unilever Australia Tax Report
The tax we pay is an important part of our wider economic and social impact.
Our great range of products, including more than 400 brands globally, are used by 2.5 billion people a day, giving us a unique place in the lives of people all over the world. Whatever the brand, wherever it is bought, we’re working to ensure that it plays a part in helping fulfil our purpose as a business – To Make Sustainable Living Commonplace.
The tax we pay is an important part of our wider economic and social impact and plays a key role in the development of the countries we operate in. We regard it as a critical element of our commitment to grow in a sustainable, responsible and socially inclusive way.
Unilever Australia is a signatory to the Board of Taxation's Voluntary Tax Transparency code. We are proud to be part of this initiative and the role it plays in building confidence in the integrity of the Australian business tax system. Unilever Australia is also a supporter of the Business Council of Australia’s Supplier Payment Code. We believe the code will help improve the viability of small business and enhance the ability of business to create jobs.
In this report, we are pleased to provide an overview of Unilever’s global tax policy, risk and governance which we fully endorse and comply with in Australia.