Draft Australian Pillar Two detailed rules: KPMG submission

This report features KPMG’s submission to Treasury on the secondary legislation exposure draft materials, in relation to the Australian implementation of Pillar Two.

KPMG has lodged a submission on the secondary legislation exposure draft materials 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 in relation to the secondary legislation are outlined below. There are a number of issues in both the Australian Global Anti-Base Erosion (GloBE) rules and the Model Rules which require furt...

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Authors: Alia Lum, Peter Oliver,

Published Date: 23 May 2024