Happy Anniversary
You are a source of inspiration and motivation. Your work ethics are exemplary. You bring out the best in each one of us. Thank you for being there every time we needed you. Wishing you a Happy Work Anniversary!
The ATO has tightened CbC reporting rules for MNEs, effective January 1, 2025, significantly increasing compliance costs and obligations. Key changes include the elimination of most self-assessed exemptions, requiring formal requests with detailed evidence, and reduced administrative relief for local file reporting.
Global Minimum Tax (GMT) is one of the largest tax reformations as part of the initiative under Pillar 2 of the Base Erosion Profit-Shifting (BEPS) 2.0 project.