Federal Budget 2026 – Multinational Tax

From a multinational tax perspective, the measures reinforce a continued alignment with global reform settings, and a more targeted approach to taxing economic activity connected to Australia.

What's in the budget? Amendments to the Pillar Two legislation to implement the side-by-side package agreed by the OECD on 5 January 2026. Funding for the ATO to continue delivery of the counter‑fraud strategy, strengthen powers to address fraud, and undertake targeted compliance activity. Time-limited concession within the foreign resident CGT regime for certain renewable energy investments, and clarification that Australian 'real property' is determined under Commonwealth legislation w...

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Authors: Alia Lum, Peter Oliver,

Published Date: 13 May 2026