Australia: Australian implementation of Pillar Two Global Minimum Tax Rules
Progress
Current status
under deliberation
24 Jun 2024 under deliberation
09 May 2023 under deliberation
Scope
Implementers
Australia
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
other regulatory body
central government
Implementation Level
national
Timeline of events
Issued ATO Update on Implementation of Pillar Two Global Minimum Tax Rules
On 24 June 2024, the Australian Taxation Office (ATO) published an update on the implementation of Pillar Two Global Minimum Tax Rules. The ATO is working on the designation of domestic returns and developing systems to administer the measures until…
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
other regulatory body
Announced Australian implementation of Pillar Two Global Minimum Tax Rules
On 9 May 2023, as part of the 2023-24 Budget, the Government announced it would implement key aspects of Pillar Two of the OECD/G20 Two-Pillar Solution to address the tax challenges arising from the digitalisation of the economy. The Government has …
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
central government