Australia, Canada sign memorandum of understanding on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
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Australia: ATO urges large corporates to verify tax transparency data ahead of October report
The Australian Taxation Office (ATO) reminded large corporate taxpayers on 5 August 2026 to review their corporate tax transparency data before the publication of the 2024–25 Corporate Tax Transparency Report. For the 2024–25 income year and
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Australia: ATO, Treasury consults on CGT, Negative Gearing Tranche 2
The Australian Treasury has launched a public consultation on the Capital Gains Tax and Negative Gearing – Tranche 2 legislation on 4 August 2026. Comments on the consultation are due by 21 August 2026. In the 2026–27 Budget, the
See MoreAustralia: ATO sets final reminder for TPAR, ends paper lodgments
The Australian Taxation Office (ATO) has issued a final reminder that businesses and government entities making payments to contractors must lodge their Taxable Payments Annual Report (TPAR) on 3 August 2026. The ATO has also announced that it no
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Australia: ATO updates Pillar Two guidance on GIR lodgment, joint ventures
The Australian Taxation Office (ATO) has updated its guidance on Lodging, Paying and Other Obligations for Pillar Two on 4 August 2026. The revised guidance introduces new sections covering the lodgment of the GloBE Information Return (GIR),
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Australia consults Critical Minerals Production Tax Incentive application, reporting framework
Australia's Department of Industry, Science and Resources opened a public consultation on 14 July 2026 on the proposed application and reporting arrangements for the Critical Minerals Production Tax Incentive (CMPTI), inviting stakeholder feedback
See MoreAustralia updates GloBE minimum tax provisions on CFC interaction, deferred tax assets, flow-through entities
Australia has issued the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the Amending Rules), introducing minor amendments to the Taxation (Multinational—Global and Domestic Minimum Tax) Rules
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Australia: ATO issues 2026 tax lodgment guidance for individualsÂ
The Australian Taxation Office (ATO) has issued a set of recommendations from Assistant Commissioner Anita Challen to assist individuals during the 2026 tax lodgment season on 27 July 2026. The Australian Taxation Office (ATO) now has over 100
See MoreAustralia: ATO updates guidance on monthly GST reporting, extends authority to mandate switch for non-compliant businesses
The Australian Taxation Office (ATO) has updated its guidance on changing to monthly GST reporting, including new guidance on voluntarily switching GST reporting. It has also revised its guidance on when it may change a business's GST reporting
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Australia, Brazil, Norway rejects forced labour justification on Trump’s latest tariffs
The Trump administration imposed new tariffs across 60 trading partners—the EU, China, Japan, Canada, and dozens more—alleging they've failed to prevent goods made by forced labour from entering their supply chains on 24 July 2026. The move
See MoreAustralia: ATO raises Division 7A benchmark interest rate for 2026–27
The Australian Taxation Office (ATO) has updated the Division 7A benchmark interest rate used to calculate the minimum repayments required for amalgamated private company loans to shareholders on 1 July 2026. If the required repayment is not met,
See MoreAustralia: ATO announces ESIC reporting deadline
The Australian Taxation Office (ATO) announced, on 22 July 2026, that the annual information reporting deadline for early stage innovation companies is nearly here. Companies that issued new shares during 2025–26 must lodge their information
See MoreAustralia: ATO holds fourth Pillar Two pre-lodgment information session
The Australian Taxation Office (ATO) has published a recap of its June Pillar Two information session on 14 July 2026. In June, the ATO held its fourth Pillar Two pre-lodgment information session, attended by more than 300 participants from
See MoreAustralia updates guidance on R&D tax incentive eligibility for associated foreign corporations
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development (R&D) activities undertaken by an R&D entity on behalf of an associated foreign corporation when
See MoreAustralia: ATO publishes exchange rates for financial year ending June 2026
The Australian Taxation Office (ATO) has published the foreign exchange rates for the financial year ending 30 June 2026, including annual average exchange rates and the nearest actual exchange rates as of 30 June 2026 for 18 currencies. All
See MoreAustralia: ATO publishes MoU with Japan on arbitration procedures
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Japan, outlining the specific arbitration procedures established between the governments of both countries to resolve unresolved tax disputes. It serves
See MoreAustralia: ATO strengthens compliance action on over-claimed expenses, GST credits
The Australian Taxation Office (ATO) announced on 8 July 2026 enhanced compliance measures targeting businesses that intentionally overstate deductible expenses and GST credit claims. ATO is strengthening compliance action on businesses that
See MoreAustralia consults 30% minimum tax for discretionary trusts
Australia has opened a consultation on the implementation of a proposed 30% minimum tax for discretionary trusts on 8 July 2026. The proposed 30% minimum tax for discretionary trusts is scheduled to take effect from 1 July 2028. The proposal,
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