Australia: ATO revises transfer pricing compliance for inbound distribution arrangements
The Australian Tax Office (ATO) has published updates to Practical Compliance Guideline PCG 2019/1 on transfer pricing issues related to inbound distribution arrangements to ensure profit markers remain relevant and aligned to more recent market
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Australia: ATO revises tax filing rules, deadlines, and deferral guidance
The Australian Taxation Office (ATO) on 16 April updated Practice Statement PS LA 2011/15, which outlines tax filing obligations, due dates, and deferral provisions. The revision expands the list of exceptional or unforeseen circumstances under
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Australia: ATO mandates super funds and CIVs to lodge RTP schedule for TT26
The Australian Taxation Office (ATO) announced on 21 April 2026 that from Tax Time (TT) 2026, reportable tax position (RTP) schedule obligations will apply to large APRA-regulated super funds and large collective investment vehicles (CIVs) that
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Croatia, Australia sign income tax treaty
Croatia's Ministry of Finance has submitted a draft law to ratify a new tax treaty with Australia during a meeting on 16 April 2026. The agreement between Croatia and Australia on the elimination of double taxation with respect to taxes on income
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Australia consults draft foreign resident CGT law with renewable energy relief
The Australian Government has opened a public consultation on draft legislation to reform the foreign resident capital gains tax (CGT) regime, with the consultation running from 10 to 24 April 2026. The proposed law is designed to ensure foreign
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Australia: Treasury consults on foreign resident CGT regime reform draft bills
The Australian Treasury launched a public consultation on 10 April 2026 covering draft legislation aimed at strengthening the foreign resident capital gains tax (CGT) regime. The consultation covers two draft bills: the Treasury Laws Amendment
See MoreAustralia: ATO urges review of GST turnover to ensure accurate reporting, accounting methods
The Australian Taxation Office (ATO) has issued a notice on 7 April 2026, reminding businesses to review their GST turnover to ensure they are applying the correct GST reporting and accounting methods. The notice reported that some businesses
See MoreAustralia updates multinational tax rules with currency, entity classification changes
Australia has implemented amendments to its multinational taxation framework through the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No.1) Rules 2026 on 26 March 2026. The changes took effect immediately upon
See MoreAustralia introduces temporary relief measures for small businesses
The Australian government is collaborating with the business and finance sectors to ease pressures on families and small businesses caused by the economic impact of the Middle East conflict. On 1 April 2026, it announced a package of measures,
See MoreAustralia: ATO updates fuel tax credit rates from April 2026 after temporary excise cut
The Australian Taxation Office (ATO) announced yesterday, 7 April 2026, that the fuel tax credit rates had changed on 1 April 2026, following a 60.9% temporary reduction in fuel excise. This is because fuel tax credit rates are based on the amount
See MoreAustralia: ATO issues guidance on revising global, domestic minimum tax assessments, GIR
The Australian Taxation Office (ATO) issued new guidance on Amending a global and domestic minimum tax assessment and Globe Information Return (GIR) on 31 March 2026. Check if an amendment is needed To correct mistakes in relation to the
See MoreAustralia: ATO clarifies essential steps for business FBT compliance
The Australian Taxation Office (ATO) has released a notice on 26 March 2026 outlining four essential steps for businesses to comply with their fringe benefits tax (FBT) obligations for the year ending 31 March 2026. The FBT year runs from 1 April
See MoreAustralia-EU free trade agreement: Key benefits and outcomes
The Australia-European Union Free Trade Agreement (A-EU FTA) creates substantial new export opportunities for Australian businesses in a market of 450 million consumers. Once implemented, 97.8% of Australian goods will enter the EU duty-free, with
See MoreAustralia: Government halves fuel excise tax for three months
The Australian government has announced temporary reductions to the fuel excise rates on petrol and diesel yesterday, 30 March 2026. Both measures will take effect on 1 April 2026 and remain in place until 30 June 2026. The fuel excise is being
See MoreAustralia: ATO updates monthly foreign exchange rates for the 2025–26 income year
The Australian Taxation Office (ATO) has updated its foreign exchange rate guidance, which includes Monthly exchange rates for 1 July 2025 to 30 June 2026, and monthly rates for February 2026. All foreign income, deductions, and foreign tax paid
See MoreAustralia: House of Representatives review proposal to bar tobacco, gambling activities from R&D tax incentives
Australia’s House of Representatives introduced and gave the first reading to the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 on 25 March 2026. The Treasury Laws Amendment (Delivering an Efficient and
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Australia–EU sign free trade agreement
After 8 years of negotiations, Australia has secured a landmark trade deal with the European Union, the world’s second largest economy, according to a media release on 24 March 2026. The Australia–European Union Free Trade Agreement will
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Ukraine: Cabinet of Ministers approves draft law to ratify income tax treaty with Australia
Ukraine's Cabinet of Ministers approved a draft law to ratify the 2025 income tax treaty with Australia on 18 March 2026. This announcement was made by the Ministry of Finance on 19 March 2026. The agreement will eliminate double taxation
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