Australia releases Q&A of CbC reporting

The Australian Taxation Office (ATO) has released updated guidance on What attracts our attention, outlining the behaviours, characteristics, and tax matters that may draw scrutiny. The guidance highlights a wide range of factors associated with

The Australian Taxation Office (ATO) has published a release outlining eligibility for the AUD 20,000 instant asset write-off for the 2025–26 income year on 3 February 2026. If a business has an aggregated annual turnover of less than $10

The OECD has reported that Australia signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 28 January 2026. The agreement is designed to enable the automatic exchange of GloBE Information Returns

The Australian Taxation Office (ATO) has released the reportable tax position (RTP) schedule and accompanying instructions for the 2026 income year on 29 January 2026. Companies are generally required to lodge an RTP schedule if their total

The Australian Taxation Office (ATO) has released new guidance for large privately owned and wealthy groups (private groups) on assessing and reporting SGE status on 29 January 2026. Where a private group includes an entity that is, or may be, a

Australia’s government has asked the Board of Taxation to independently review the recent changes to Australia’s thin capitalisation rules.  These changes were introduced in Schedule 2 of the Treasury Laws Amendment (Making Multinationals Pay