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Australia Launches Consultation on New Financial Statement Submission Requirements for Large Multinationals

|Approved Changes|Australia
Australia

The Australian Taxation Office has launched a public consultation on the new requirement to submit general purpose financial statements by the due date of the tax return, unless already required to submit with the Australian Securities and Investments Commission. The requirement was introduced in the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 ({News-2015-12-08/A/2- pre…

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