Filing exemptions for Australia Pillar Two tax returns – draft instrument released

The draft legislative instrument sets out the circumstances where entities that are subject to Pillar Two are exempt from filing related returns, as highlighted by Alia Lum and Amanda Maguire.

The Australian Taxation Office (ATO), on 27 August 2025, published draft Legislative Instrument LI 2025/D17 Taxation Administration (Exemptions from Requirement to Lodge Australian IIR/UTPR tax return and Australian DMT tax return) Determination 2025 (the LI) and the accompanying Explanatory Statement. The LI sets out the circumstances where entities that are subject to Pillar Two are exempt from filing Australian domestic minimum tax (DMT) returns and Australian Income Inclusion Rule (IIR)/...

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Authors: Alia Lum, Amanda Maguire

Published Date: 01 September 2025