The Australian Taxation Office (ATO) has published guidance on CbC reporting exemptions and administrative relief for requests received from 1 January 2025, which includes the removal of local file administrative relief for companies with respect to reporting periods starting on or after 1 January 2024. Guidance on exemptions and administrative relief for requests received up to 31 December 2024 is also provided.
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Exemptions and administrative relief – from 1 January 2025
When you ma…