Companies are required to complete a reportable tax position schedule if their total business income is AUD 250 million or more, or AUD 25 million or more while part of an economic group with AUD 250 million or more in total income. This applies

Australia’s House of Representatives has approved the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024  on 11 February 2025. Earlier, the bill was passed by the Senate, meaning the legislation has passed both

Australia’s Senate Economics Legislation Committee has published its report on the Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024. This follows after the Senate referred the provisions of the Treasury Laws Amendment (Tax

The Australian Taxation Office (ATO) has announced on 30 January 2025 regarding its focus on the updated thin capitalisation rules as part of its justified trust reviews. Thin capitalisation in focus for justified trust reviews How we're

The Australian Taxation Office has published guidance on Public Country-by-Country reporting on 27 January 2025. Public CbC reporting is a reporting regime which requires certain large multinational enterprises to publish selected tax

The government has launched a consultation on a draft bill, regulations, and an instrument proposing amendments to various tax laws, including the Inspector-General of Taxation Act 2003, the GST Act 1999, and the Excise Act 1901. The proposed