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Australian Tax Office updates Pillar Two website

|Tax Alerts, Information Reporting, National/Federal Taxation, Global, BEPS 2.0|Australia
Australia
  • The Australian Tax Office (ATO) has updated its website guidance on administration of Australia's Pillar Two global and domestic minimum tax rules.
  • Australia's Pillar Two rules are in force and have retrospective application to fiscal years starting on or after 1 January 2024.
  • The ATO updates include guidance on lodgment, payment and record-keeping requirements for Pillar Two, and how Australia's corporate tax system interacts with Pillar Two.
  • In-scope groups need to prepare for the financial repor…

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