The Australian Taxation Office (ATO) has issued a notice declaring a lodgment deferral for the Local file, Master file, and Country-by-Country (CbC) report for the year ended 31st December 2019.
Significant Global Entities (SGEs) that have Country-by-Country (CbC) reporting obligation for the year ended on 31st December 2019 will be aware that their Local file (LF), Master file (MF) and CbC report are due to be lodged by 31st December 2020.
Due to the Covid-19 pandemic and year-end holiday ATO is providing a lodgment deferral where SGEs will have until 29th January 2021 inclusive to lodge each of the respective statements for this period. Statements not submitted by 29th January 2021 may be subject to penalties.