On 18 November 2021, the Australian Taxation Office (ATO) announced that country-by-country (CbC) reporting entities that have a CbC reporting obligation due by 31 December 2021 will now have until 4 February 2022 to file (lodge) such CbC reporting statements due to the year-end holidays and the ongoing impacts of Covid-19.
According to the announcement, the lodgment deferral is being allowed for CbC reporting statements until 4 February 2022, including:
- Local file;
- Master file; and
- CBC report.
Lodgments can only be made electronically via:
- Online services for business or Online services for agents using the file transfer facility; or
- by SBR using SBR-enabled software.
Lodgments via email will not be accepted. This is a lodgment deferral only and does not change the due date for payment. Statements not lodged by 4 February 2022 may be subject to penalties.