On 16 March 2016, the Australian Taxation Office (ATO) published a reminder that taxpayers have until 31 March 2016 to provided notification to the ATO or risk facing increased penalties if their arrangements are within the scope of the Multinational Anti-Avoidance Law (MAAL).
The MAAL was introduced as part of the Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015, which received Royal Assent on 11 December 2015 ({News-2015-09-17/P/2- previous coverage}). Under the MAAL, s…