Australian public country-by-country reporting Bill progress update

05 August 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Australia

The Senate Economics Legislation Committee has recommended that Parliament pass the Bill that includes public country-by-country reporting measures.
New disclosures apply in respect of financial reporting periods commencing on or after 1 July 2024 to certain groups that have more than AU$1b revenue, subject to a de minimis Australian income exemption and scope to apply for certain other exemptions.
Disclosure is on a country-by-country basis for Australia and specified jurisdictions, while aggrega…

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