EYEY

Australian 15% global and domestic minimum taxes draft law released

|Tax Alerts, Information Reporting, Legis ...|Australia
Australia

  • The Australian Treasury has released draft legislation for consultation to implement global and domestic minimum taxes as an adoption of the OECD Two Pillar solution, which include an Income Inclusion Rule, an Undertaxed Profits Rule and a Domestic Minimum Tax (DMT) with safe harbor rules.
  • In-scope multinational entities will be required to lodge three new returns in an approved form to the Austral…

Continue Reading