Australia Starts Next Consultation Phase for Global Minimum Tax

Australia is planning its consultation on the global minimum tax in three phases, the tax office announced on Friday.

The Australian Tax Office opened the comment period for industry groups from July to August for the first phase of the consultation. The next phase, aimed at mid-tier firms, will run from August to October. The last phase, for large advisory groups, will start in September and end in November.

More than 130 countries agreed to implement the global minimum tax after reaching an agreement at the Organization for Economic Cooperation and Development in 2021.

• Australia will start its income inclusion ...