Australia’s minimum tax rules generally apply to fiscal years beginning on or after 1 January 2024.
The Australian Taxation Office (ATO) has updated its guidance on lodging, paying, and other obligations under Pillar Two, releasing two sample forms:
- Combined Global and Domestic Minimum Tax Return for a Group Entity (GE)
- Combined Global and Domestic Minimum Tax Return for a Designated Local Entity (DLE)
The combined forms merge the GloBE Information Return, IIR/UTPR return, and domestic minimum tax return into a single submission, allowing a Designated Local Entity (DLE) in Australia to file one consolidated return on behalf of all relevant group entities in a multinational enterprise.
Earlier, the ATO released Practical Compliance Guideline (PCG) 2025/4, Global and domestic minimum tax lodgment obligations – transitional approach, on transitional approaches for global and domestic minimum tax lodgment obligations.
Australia’s minimum tax rules generally apply to fiscal years beginning on or after 1 January 2024, and the final PCG aligns with the previously consulted draft.
