Upcoming webinar: BEPS Pillar Two - Draft legislation released

This webinar, to be held on Thursday 30 May, will explore Australia’s draft legislative package to implement the global minimum tax rules.

Treasury has released a draft legislative package to implement the global minimum tax rules in Australia – the Pillar Two Global Anti-Base Erosion (GloBE) rules. The draft legislation introduces an Income Inclusion Rule, which will allow Australian headquartered groups to impose additional taxes on foreign subsidiaries that are taxed at a rate of less than 15 per cent, and a domestic minimum tax that ensures local Australian operations also pay this minimum tax. Both of these new rule...

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Authors: Alia Lum, Peter Oliver

Published Date: 23 May 2024