On 27 November 2024, both houses of the Australian parliament approved the following bills for the implementation of the Pillar 2 global minimum tax:
- The Assessment Bill: Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024; and
- The Consequential Bill: Treasury Laws Amendment (Multinational— Global and Domestic Minimum Tax) (Consequential) Bill 2024.
As previously reported, the Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Bill 2024 was approved on 26…