Australia enacts stricter beneficial ownership rules, extends tax incentives for small businesses
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 cleared both chambers of the Australian Parliament on 27 November 2025, without any changes to the version initially introduced. The final steps before it
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Australia: ATO issues final guidance on global and domestic minimum tax filing requirements
The Australian Taxation Office (ATO) has released Practical Compliance Guideline (PCG) 2025/4, Global and domestic minimum tax lodgment obligations - transitional approach, on transitional approaches for global and domestic minimum tax lodgment
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Australia: ATO releases top 500 tax performance program 2025 findings report
The Australian Taxation Office (ATO) released its 2025 findings report on 27 November 2025, providing insights and best practices for the top 500 privately owned and wealthy groups. The 2025 findings report shines a light on the key tax issues
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Australia: Victoria parliament approves amendments to omnibus state tax bill, receives royal assent
The Victorian government has passed the State Taxation Further Amendment Act 2025 (the Act), which received Royal Assent on 25 November 2025. The Act implements changes to the congestion levy announced in the 2024–25 Budget Update and amends
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Australia: ATO issues guidance on Pillar 2 filing obligations
The Australian Taxation Office (ATO) issued a guideline outlining its transitional approach to penalties and expectations for the four new Pillar 2 filing obligations on 26 November 2025, offering tailored guidance and certainty for MNEs during the
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Australia extends CbC reporting deadline
The Australian Taxation Office (ATO) has announced a lodgment deferral for country-by-country (CbC) reporting entities, extending the deadline for filing CbC statements to 30 January 2026. Under the deferral, in-scope entities must lodge all
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Australia, Canada sign customs mutual assistance agreement
Canada Border Services Agency (CBSA) announced on 19 November 2025 that officials from Australia and Canada signed a Customs Mutual Assistance Agreement. CBSA announces Customs Mutual Assistance Agreement with Australia Strong partnerships
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Australia: Government consults on 2018 GST reform operations
The Australian government’s Productivity Commission released an issues paper for consultation on how the federal government’s 2018 goods and services tax (GST) reforms are functioning. Australia’s system of federal financial relations
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Australia, Croatia sign income tax treaty
Australia and Croatia signed a new income tax treaty on 24 November 2025. This agreement aims to eliminate double taxation on income and prevent tax evasion and avoidance between the two countries. The treaty sets dividend withholding tax at
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Australia: ATO mandates super funds, collective investment vehicles for RTP schedule filing from 2026
The Australian Taxation Office (ATO) announced, on 18 November 2025, that large superannuation funds and collective investment vehicles (CIVs) will be required to file the reportable tax position (RTP) schedule, starting 1 January 2026. The ATO
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Australia: ATO cautions taxpayers on emerging barter credit tax risks
The Australian Taxation Office (ATO) released a notice on 17 November 2025, cautioning taxpayers to avoid tax schemes that use barter credits. ATO warns about barter credit tax scheme The Australian Taxation Office (ATO) is warning the
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Australia: ATO to revise transfer pricing guidance on imported products
The Australian Taxation Office (ATO) is revising its guidance (PCG 2029/1) on transfer pricing risks for businesses that import foreign goods and digital services. The ATO also plans to update its benchmarking tool by December, refining how it
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Australia welcomes US beef tariff rollback, calls for full trade reciprocity
Australia welcomed US President Donald Trump’s removal of tariffs on beef and other food products, while urging the US to eliminate all tariffs on Australian goods. However, Australian Prime Minister Anthony Albanese emphasised the
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Australia: ATO issues guidance for private groups seeking to claim debt deductions
The Australian Taxation Office has released guidance on 14 November 2025, offering practical tips for private groups seeking to claim debt deductions. When preparing a tax return, private groups must make sure they check if the thin
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Australia: ATO extends 2024 transfer pricing reporting deadline
The Australian Taxation Office has extended the deadline for Country-by-Country (CbC) Reporting Entities to submit their transfer pricing documentation for reporting periods ending on 31 December 2024. Under the extension, affected entities now
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Australia: ATO clarifies hybrid mismatch rules, updates guidance reflecting adoption of Pillar 2 framework
The Australian Taxation Office (ATO) has revised its guidance on the Hybrid Mismatch rules, clarifying how the provisions operate and when they are triggered on 4 November 2025. The key updates relate to Australia’s adoption of the Pillar Two
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Australia: ATO consults draft Public CBC reporting instructions
The Australian Taxation Office announced yesterday, 5 November 2025, that consultations are open on the draft instructions for completing the Public country-by-country (CBC) report. Under the Public CBC reporting rules, certain public and
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Australia: BoT redesigns Voluntary Tax Transparency Code (VTTC)
The Board of Taxation (BoT) has completed a redesign of the Voluntary Tax Transparency Code (VTTC), which provides principles and minimum standards to guide medium and large businesses in publicly disclosing tax information. The BoT, responsible
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