Australia Asks Digital Service Providers About Minimum Tax Plans

Australia started consultations with digital service providers Wednesday to inform them on global minimum tax implementation plans, data requirements, and potential solutions for future compliance.

A spokesperson from the Australian Tax Office said this is the first in a series of consultation sessions with digital service providers on Australia’s implementation of a domestic minimum top-up tax, income inclusion rule, and undertaxed profits rule.

All of those rules are part of the global minimum tax framework developed by the Organization for Economic Cooperation and Development. The domestic minimum top-up tax ...