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ATO Updates Guidance on the Expanded SGE Definition

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has issued a notice regarding updated guidance on the expanded definition of a significant global entity (SGE).

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Guidance on the expanded SGE definition

We have updated our guidance to reflect recent legislative changes that broaden the definition of a significant global entity (SGE). The SGE definition now applies:

  • to entities belonging to groups of…

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