The Australian Treasury has launched public consultations on primary legislation and subordinate legislation for the implementation of the Pillar 2 global minimum tax. As explained in the explanatory memorandum, the primary legislation provides for the implementation of the GloBE Rules and a domestic minimum tax (DMT) in Australia and includes the following:
- Imposition Bill: Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Bill 2024;
- Assessment Bill: Taxation (Multinati…