The Australian Taxation Office (ATO) has updated its guidance on Global and domestic minimum tax and Lodging, paying and other obligations for Pillar Two, including updates in relation to the common understanding to waive penalties and not enforce local GIR filing obligations in certain circumstances that was released by the OECD on 18 May 2026. The more substantial update in this regard is provided in the guidance on Lodging, paying and other obligations for Pillar Two:
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2024 fiscal…