On 29 November 2024, the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 was finally passed by both Houses of the Australian Parliament. Among other things, the Bill provides for the introduction of new requirements for the publication of selected tax information on a Country-by-Country (CbC) basis, i.e., public CbC reporting.
Under the requirements, the CbC reporting parents of MNE groups are required to publish tax information that relates to their Cb…