Australia Tax Authority Opens Global Minimum Tax Filing Portals

Australia has opened its portals for multinationals to file their global minimum tax returns ahead of its June 30 deadline.

Companies operating in Australia subject to the 15% global minimum tax, known as Pillar Two, can now file their required minimum tax returns through the Australian Tax Office’s portals, the agency announced Tuesday.

Multinationals with annual revenue exceeding €750 million (US $884 million) are required to file minimum tax returns in countries signed up to the global minimum tax rules and those that implemented domestic minimum top-up taxes, if the company operates there.

The tax office requires in-scope businesses ...