The Australian Taxation Office has updated guidance on the Global and domestic minimum tax, including subordinate legislation published on 23 December 2024 that contains detailed computational rules, the Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024.
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Global and domestic minimum tax
The implementation of Pillar Two of the OECD/G20 Two-Pillar Solution for multinational businesses in Australia.
Pillar Two implementation in Australia
Australia has implemented th…