Our approach to tax management

Our operations have a significant impact on the economies and societies we operate within, so our stakeholders expect transparency on our operations, profitability and impacts.

Voluntary Tax Transparency Code

Tax policy

We have a Group-wide, Board endorsed tax policy.

Corporate behaviour

We commit to strong corporate values and behaviours.

Tax management at NAB

We are a major Australian multinational company which, together with our subsidiary companies and foreign branches, makes a significant contribution to the Australian economy, business landscape and the offshore economies in which we conduct financial services activities.

The corporate behaviour of the Group impacts many stakeholders including customers, shareholders, employees and governments. As a corporate leader, the Group commits to strong corporate values and behaviours, including in our approach to tax

We have a group-wide, Board endorsed tax policy that’s subject to biennial review. The Chief Tax Officer reports regularly to the Board.

View the Statement of Tax Principles (PDF, 319KB), opens in new window for an overview of NAB's Tax Policy.

Australian Tax Transparency Report

In August 2016 NAB signed up to the Voluntary Tax Transparency Code (the Code).

Review the reports NAB has published under the Code.

UK Tax Governance

National Australia Bank Limited (NAB) and subsidiaries (NAB Group) have a formal Group Tax Policy setting out our approach to managing tax risk and compliance with our tax obligations. Since 1 October 2016 NAB Group’s UK operations have been subject to the provisions of Finance Act 2016 Schedule 19 Para 16 which requires certain disclosures to be made about various aspects of NAB Group’s UK tax governance. NAB Group’s UK operations are subject to the Group Tax Policy. The key principles of the Group Tax Policy and how these principles are applied in the UK are set out in the policy document in respect to the year ended 30 September 2023.

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