Australian Taxation Office releases GAAR guidelines

Australia’s Parliament has introduced a Bill to implement Budget 2026–27 measures, including the introduction of loss carry-back provisions and the permanent extension of the small business instant asset write-off. The Treasury Laws Amendment

Australia’s Parliament passed the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 on 25 June 2026, which is a key component of the 2026–27 Federal Budget tax package. The Bill introduces significant reforms aimed at improving housing

The Australian Taxation Office (ATO) has updated its company tax rates 2025–26 guidance to include the Global Minimum Tax (GMT), which applies at rates ranging from 0% to 15%. The guidance confirms that GMT applies to in-scope multinational

US Customs and Border Protection, on behalf of the US, in a release on 25 June 2026, announced that it signed a Customs Mutual Assistance Agreement with Australia in Brussels, Belgium. The CMAA is a bilateral agreement that enables both countries

The Australian Taxation Office (ATO) updated its guidance on the taxation of permanent establishments (PEs) on 24 June 2026, outlining when enterprises may be subject to tax in Australia or overseas under Australia's double tax agreements

The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large