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26 March 2025
With an emphasis on cost of living and other pre-election priorities, unsurprisingly, multinational tax measures are not the focus of this Budget.
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24 January 2025
With the registration of the Pillar Two subordinate legislation on 23 December 2024, the full package of legislation implementing the Pillar Two Global Anti-Base Erosion (GloBE) rules in Australia now has legal effect. This may trigger new current tax disclosures for financial statements.
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17 December 2024
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
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29 August 2024
KPMG Australia's Lead Partner for International Tax Peter Oliver provides an overview of what you can expect from the latest KPMG Tax Now podcast episode on Australia’s hybrid mismatch rules.
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29 August 2024
Peter Oliver is joined by Jennifer Ta, Fabian Fedele and Josefina Martinez, as they discuss the ATO’s current guidance and expectations on compliance in relation to the hybrid mismatch rules, and how multinational companies can take steps in preparation and response.
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11 July 2024
New public disclosure requirements have brought the issue of tax residency back up to the top of the list for Australian public companies, as explained by Denis Larkin and Peter Oliver.
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11 July 2024
Following a recent webinar, KPMG’s International Tax National Leader Peter Oliver discusses what multinational groups should turn their mind to and focus on when it comes to BEPS 2.0.
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5 July 2024
The guidance sets out the Commissioner’s final view on the operation of the ‘liable entity’ and ‘hybrid payer’ concepts which impact the application of Australia’s hybrid mismatch rules, as outlined by Peter Oliver, Denis Larkin, Jennifer Ta and Fabian Fedele.
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5 July 2024
Australia has introduced the first part of its BEPS Pillar Two global minimum tax legislation into Parliament. In this article we set out the key changes from the draft legislation previously issued.
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12 June 2024
This webinar, held on Thursday 30 May, explores Australia’s draft legislative package to implement the global minimum tax rules.
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23 May 2024
This report features KPMG’s submission to Treasury on the secondary legislation exposure draft materials, in relation to the Australian implementation of Pillar Two.
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23 May 2024
This webinar, to be held on Thursday 30 May, will explore Australia’s draft legislative package to implement the global minimum tax rules.
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19 April 2024
This report features KPMG’s submission to Treasury in relation to the Australian implementation of Pillar Two.
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22 March 2024
Australia's Global Anti-Base Erosion Model Rules (GloBE) rules are to be implemented as a new stand-alone tax law that imposes and assesses GloBE and domestic minimum top-up tax.
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20 March 2024
An expansive interpretation of the hybrid payer rules means a significantly greater number of Australian deductible payments will be within scope, and by extension, are at risk of being disallowed as deductions in Australia under the draft determination, as detailed by Alia Lum, Peter Oliver, Fabian Fedele and Tammy Eccles.
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12 March 2024
This update serves as a timely reminder of the broad application of the hybrid rules and the multiple factors taxpayers need to consider as they work through tax compliance cycles and prepare for ATO engagements, as discussed by Peter Oliver, Fabian Fedele, Rosie El Khoury and Josefina Martinez.
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12 February 2024
KPMG Partners Peter Oliver, Alia Lum and Denis Larkin, along with Manager Lydia Morris, reflect on international tax developments as they affect multinational entities, including recent case law and guidance on intangibles and royalties, preparing for Pillar 2 and other developments.
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1 December 2023
In this article, Julian Humphrey, Alia Lum, Peter Oliver, and Amanda Maguire outline the key changes in the recent amendments to the ‘Making Multinationals Pay Their Fair Share’ Bill.
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31 October 2023
KPMG’s submission contains a number of recommendations in relation to the new limitation tests, in order to ensure that taxpayers are not precluded from reasonable debt deductions.
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6 October 2023
This webinar, to be held on Thursday 12 October, will include the key considerations for tax functions preparing for Pillar Two, with a focus on Australia’s domestic minimum tax.
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4 September 2023
This webinar, to be held on Tuesday 26 September, will include key considerations for tax functions preparing for Pillar Two, with a focus on Australia’s domestic minimum tax.
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1 August 2023
This webinar, held on Thursday 29 June, explores the Federal Government’s proposed legislation implementing its multinational tax integrity and transparency package.
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5 July 2023
The new framework reinforces the need to review the tax residency position and supporting documentation for companies, particularly subsidiaries of Australian groups, as detailed by Peter Oliver, Jenny Wong and Jessica Croker.
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5 July 2023
The rules included in the legislation, which primarily modifies the thin capitalisation rules are broadly consistent with exposure draft legislation, although there have been some important changes, as outlined by Julian Humphrey, Scott Farrell, Peter Oliver and Alia Lum.
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27 June 2023
Given the application of these proposed changes remains imminent and they are currently drafted with broad effect, SGE groups should immediately take steps to assess the impact of these changes, as outlined by Peter Oliver, Paul Sorrell, Jeremy Capes, Sophie Lewis, and Jane Rolfe.
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20 June 2023
What should multinational groups consider when it comes to the proposed rules to enhance public tax transparency in Australia? Our international tax, transfer pricing and tax ESG specialists explore what’s ahead as the exposure draft legislation continues through the legislative process.
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24 May 2023
This webinar, to be held on Thursday 29 June, will explore the Federal Government’s proposed legislation implementing its multinational tax integrity and transparency package.
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10 May 2023
Taxpayers should review all of their historical, existing and prospective cross-border arrangements and ensure they are ATO-ready, as outlined by Angelina Lagana, Keith Swan, Denis Larkin and Peter Oliver.
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3 May 2023
This submission is in response to draft legislation which proposes to deny deductions for payments relating to intangible assets connected with low corporate tax jurisdictions.
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20 April 2023
In this podcast episode, KPMG’s international tax specialists discuss the proposed new intangibles integrity measure to apply from 1 July 2023.
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