Part I: Compliance implications for expanded Significant Global Entity, Country-by-Country Reporting

Over two articles, Stephen Gottlieb and Matt Hayes detail the breadth of the changes for large business groups, both public and private.

The Australian Taxation Office (ATO) has released long-awaited guidance on legislative amendments that expanded the coverage of entities considered to be Significant Global Entities (SGEs) and introduced a new concept of a Country-by-Country Reporting Entity (CbCRE). For both public and private large business groups, these legislative amendments have substantial annual taxation and financial reporting compliance implications that require careful consideration. The breadth of the impacts wil...

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Authors: Stephen Gottlieb, Matthew Hayes

Published Date: 28 January 2021