News in brief… 18 December 2025

ATO advice and guidance; Number of businesses rose 2.5 percent in 2024-25, driven by healthcare and logistics sector: ABS

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Thursday 18 December, which includes the withdrawal of a law companion ruling regarding the implementation of Country-by-Country reporting and updates to three related law administration practice statements. Withdrawal LCR 2015/3 Subdivision 815-E of the Income Tax Assessment Act 1997: Country-by-Country reporting LCR 2015/3 is being withdrawn with effect from 19 December 2025 as it is...

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Published Date: 18 December 2025