The Australian Taxation Office (ATO) has published updated guidance on Administrative matters in relation to Country-by-Country (CbC) reporting. The updates concern the use of the Country-by-Country Request form (NAT 75845) in relation to lodgment extension requests and late lodgment penalties.
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Lodgment and extensions
CBC reporting statements must be lodged within 12 months after the end of the income year to which the statements relate. The end date of the income year will be eithe…