Australia: ATO updates monthly foreign exchange rates for the 2025–26 income year

Australia’s House of Representatives introduced and gave the first reading to the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 on 25 March 2026. The Treasury Laws Amendment (Delivering an Efficient and

After 8 years of negotiations, Australia has secured a landmark trade deal with the European Union, the world’s second largest economy, according to a media release on 24 March 2026. The Australia–European Union Free Trade Agreement will

Ukraine's Cabinet of Ministers approved a draft law to ratify the 2025 income tax treaty with Australia on 18 March 2026. This announcement was made by the Ministry of Finance on 19 March 2026. The agreement will eliminate double taxation

The Australian Taxation Office has released guidance on tax consolidated group restructures and transition rules, outlining how Australia’s Pillar 2 minimum tax rules apply to acquisitions, restructures, and other ownership or asset transfers

The Australian Taxation Office has opened a public consultation on Draft Practical Compliance Guideline PCG 2026/D1, covering thin capitalisation and the allocation of risk-weighted assets to Australian branches of foreign banks. This

The Australian Board of Taxation released a consultation guide marking the beginning of a formal statutory review of recent reforms to the nation's thin capitalisation rules in March 2026. This consultation guide outlines an independent statutory