Draft Australian Pillar Two rules: KPMG submission

This report features KPMG’s submission to Treasury in relation to the Australian implementation of Pillar Two.

KPMG has lodged a submission on the primary legislation exposure draft materials and the interactions with other Australian tax laws consultation paper, in relation to the Australian implementation of Pillar Two, released by Treasury on 21 March 2024. Our briefing note in relation to the draft Australian rules is available here. The key themes of our submission are outlined below. Australia’s implementation of these rules should focus on maximising efficiency, simplicity and reducing com...

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Authors: Alia Lum, Peter Oliver,

Published Date: 19 April 2024