The Australian government is consulting on draft legislation for a list of entities and criteria businesses have to meet to be exempt from filing global minimum tax returns.
The document, which the Australian Tax Office refers to as a “draft legislative instrument,” issued Wednesday lays out which entities aren’t required to file returns for its domestic minimum tax, income inclusion rule tax and undertaxed profits rule tax with the Australian government.
The global minimum tax, also known as Pillar Two of the OECD-led global tax deal, seeks to charge a 15% minimum levy on multinational companies in every country ...
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