The Australian Taxation Office (ATO) has issued a notice on Country-by-Country Local file reporting changes from 1 January 2025. The broad points of the notice are as follows (details on field changes also provided):
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Local file changes from 1 January 2025
Country-by-country Local file reporting changes from 1 January 2025.
About the reporting changes
From 1 January 2025:
- Country by Country Reporting Entities (CbCREs) will use an updated version of the Local File/Master File (LC…