Country-by-Country reporting requirements in Australia

1430268419709-e1455692812345 Background In December 2015, Parliament passed the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015, which included Australia’s new Country-by -Country Reporting (“CbCR”) rules. The CbCR rules will apply to years beginning on or after 1 January 2016, in line with the OECD’s recommendation. Hence, all Australian and foreign groups with an Australian presence […]

ATO releases initial CbC reporting guidance for Australian companies

3 The ATO has released some initial guidance on the application of the new Country-by-Country reporting rules in Australia. The rules will apply from 1 January 2016 and impact all multinational groups that have global revenues in excess of AUD 1 billion (approximately USD 700 million & EUR 660 million). Read the report details here: LCG […]