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UK issues more supplementary draft guidance on Pillar Two
The UK’s HMRC has issued supplementary draft technical guidance on the legislation implementing the Multinational Top-up Tax and Domestic Top-up Tax.
Super Tax News – December Quarter 2024
KPMG’s Super Tax News covers the latest key superannuation tax updates.
KPMG Residential Property Market Outlook – January 2025
This report includes KPMG’s forecast of the national dwelling market, highlighting the complexity of current market dynamics across different cities and property types.
India 2025-2026 budget – Tax measures
The measures contained in India’s 2025-2026 budget are related to direct and indirect tax, transfer pricing and customs duties.
Most Popular Articles
ASIC focus areas for 31 December 2024 financial reports
ASIC’s 31 December 2024 focus areas continue to centre on financial reporting elements requiring most judgement and making the most use of estimates.
Is your company an employment agent for Payroll Tax purposes? NSW Parliament is keen to hear your answer
Distinguishing the difference between an employment agency contract and a relevant contract is important as there may be different Payroll Tax implications, as outlined by Hayley Lock, Jason Suwignjo and Emily Ng.
Australian Pillar Two legislation now effective
With the registration of the Pillar Two subordinate legislation on 23 December 2024, the full package of legislation implementing the Pillar Two Global Anti-Base Erosion (GloBE) rules in Australia now has legal effect. This may trigger new current tax disclosures for financial statements.
Inclusive Framework on BEPS releases updates to global minimum tax administration
Additional administrative guidance under the Pillar Two rules has been released in January, including several developments aimed at streamlining the administration of the global minimum tax.
Latest Video

The Pricing Conversation - Evolution of Transfer Pricing Controversy
The latest video in our series features key observations from Glen Hutchings and Shalini De Silva on cross border financing and the impact, and risks, of intangibles.
Compliance View all >
Inflation down but may not be enough for RBA just yet
Assuming core inflation continues to fall over the coming months, we believe that the RBA will be in a position to cut rates in May, with April a possibility, writes KPMG Australia Chief Economist Brendan Rynne.
ASIC focus areas for 31 December 2024 financial reports
ASIC’s 31 December 2024 focus areas continue to centre on financial reporting elements requiring most judgement and making the most use of estimates.
Australian public country-by-country reporting – legislation enacted, ‘specified jurisdictions’ published
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been enacted, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Amanda Maguire.
New KPMG study – The Australian tax transparency terrain
With the Australian legislation introducing new mandatory public tax transparency reporting having passed Federal Parliament, organisations will need to consider appropriate actions to respond to the new requirements, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Katryne Chia.
Corporate Tax View all >
Super Tax News – December Quarter 2024
KPMG’s Super Tax News covers the latest key superannuation tax updates.
Tax measures announced in 2024-25 MYEFO
Although the Federal Government’s MYEFO did not include any major tax reforms, several tax measures were announced, as outlined by Alia Lum and Amanda Maguire.
Webinar recording: European Union tax perspectives
This webinar, held on Wednesday 11 December 2024, focuses on BEPS 2.0 in the EU, tax incentives, tax transparency and the key EU direct tax initiatives.
Webinar recording: Is the ATO focussed on your private group?
This webinar, held on Thursday 5 December, features guest speakers from the Australian Taxation Office on the Private Wealth Top 500 Program and Next 5000 Program.
Deal Advisory - Tax View all >
Third-party debt test and restructures in response to the thin capitalisation changes – New ATO draft guidance
Taxpayers that are considering undertaking restructures or refinances in relation to debt, should review the guidance against their own circumstances to identify the risk that the ATO will seek to apply the anti-avoidance provisions, as outlined by Stephen Carpenter, Katrina Piva, Josh Cardwell, Matt Ervin and Amanda Maguire.
Franking in a capital raise environment
As detailed by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Tom Beddoe, care needs to be taken with the new provisions in relation to franking credits when there has been or will be a capital raise.
Federal Government passes legislation on build-to-rent tax concessions
Build-to-rent legislation passed by parliament contains some welcome positive changes, balanced by continuing uncertainty on key issues.
Victoria introduces various state taxation measures – October 2024
As outlined by Sarah Shaw, the Victorian Government has introduced several state taxation measures, some of which have now commenced from October 2024.
Economics & Regulation View all >
KPMG Residential Property Market Outlook – January 2025
This report includes KPMG’s forecast of the national dwelling market, highlighting the complexity of current market dynamics across different cities and property types.
Australia Economic Outlook: Q4 2024
Australia's economy is experiencing slow growth, impacted by cost-of-living packages and CPI adjustments, presenting challenges for policymakers.
United States Fed enters policy purgatory
The United States has the possibility of rate cuts being front-loaded due to the length of time it takes for tariffs, tax cuts and curbs to immigration to work their way through the economy, writes KPMG US Chief Economist Diane Swonk.
Spending stronger in United States than headline data suggests
Clothing stores benefited from increased demand in the United States, but many restaurants failed to see their usual holiday surge, despite record holiday travel, writes KPMG US Chief Economist Diane Swonk.
Employment View all >
Upcoming webinar: Get prepared for FBT2
This webinar, to be held on Tuesday 11 February, will provide technical and technology updates on fringe benefits tax.
KPMG Global Mobility Benchmarking Survey
This report presents an overview of selected key findings and offers informative insights for global mobility professionals on the future evolution of the function.
Is your company an employment agent for Payroll Tax purposes? NSW Parliament is keen to hear your answer
Distinguishing the difference between an employment agency contract and a relevant contract is important as there may be different Payroll Tax implications, as outlined by Hayley Lock, Jason Suwignjo and Emily Ng.
Got your holiday reading, listening sorted? We do… here’s your handy recap of the major employment tax updates for 2024
In this article, Hayley Lock, Stacey Biggar and Sam Gathercole provide a full recap of major employment tax developments in 2024 with quick links to feature articles and podcasts perfect for poolside perusal.
Grants & Incentives View all >
Tax measures announced in 2024-25 MYEFO
Although the Federal Government’s MYEFO did not include any major tax reforms, several tax measures were announced, as outlined by Alia Lum and Amanda Maguire.
A costly incentive: $13.6m promoter penalty hit
This decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
Federal Government passes legislation on build-to-rent tax concessions
Build-to-rent legislation passed by parliament contains some welcome positive changes, balanced by continuing uncertainty on key issues.
Upcoming webinar: Benchmarking approaches in global mobility
This webinar, to be held on Wednesday 4 December 2024, will feature a panel of KPMG Global Mobility professionals who will share the results and trends from the newly released report.
Indirect Tax View all >
Video: New supplementary annual GST return - what to expect?
Director Catherine Ommundson discusses what Top 100 and Top 1,000 taxpayers can do to prepare for the Australian Taxation Office's (ATO) new supplementary annual reporting requirement.
Video: GST reporting requirement for Top 100 and Top 1,000 taxpayers
Indirect Tax Partner Jacqui Hardwick discusses the Australian Taxation Office's new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers.
Podcast episode 58: New GST reporting requirement for large market taxpayers
Jacqui Hardwick and Catherine Ommundson discuss the Australian Taxation Office's (ATO) new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers and what guidance is available to assist organisations to comply.
Victoria introduces various state taxation measures – October 2024
As outlined by Sarah Shaw, the Victorian Government has introduced several state taxation measures, some of which have now commenced from October 2024.
International Tax View all >
UK issues more supplementary draft guidance on Pillar Two
The UK’s HMRC has issued supplementary draft technical guidance on the legislation implementing the Multinational Top-up Tax and Domestic Top-up Tax.
India 2025-2026 budget – Tax measures
The measures contained in India’s 2025-2026 budget are related to direct and indirect tax, transfer pricing and customs duties.
Upcoming webinar: European Financial Services Tax perspectives
This webinar, to be held on will focus on Wednesday 26 February, will focus on the European Commission’s 2025 new work program.
Strategic tax responses and business restructurings in the era of Pillar Two
This article explores how MNEs can seize global opportunities by implementing strategic tax responses and business restructurings that are fit for the evolving landscape shaped by Pillar Two.
Migration View all >
KPMG Global Mobility Benchmarking Survey
This report presents an overview of selected key findings and offers informative insights for global mobility professionals on the future evolution of the function.
Webinar recording: Introducing the Skills in Demand Visa
This webinar, held on Thursday 12 December, explores the Skills in Demand Visa, which was introduced by the Australian Government on 7 December 2024.
Upcoming webinar: Trump tariffs - Potential impacts in the US, Canada, Mexico and beyond
This webinar, to be held on Thursday 19 December 2024, will delve beneath the headlines and explore the implications of these developments and address the concerns businesses may have in the new trade environment we are entering.
Visa condition changes aimed at reducing exploitation, increasing productivity
Mark Wright, Maria Hrambanis and Samantha Panchal summarise recent immigration-related developments in Australia relating to visa work conditions.
Tax Law & Dispute Resolution View all >
The Pricing Conversation - Evolution of Transfer Pricing Controversy
The latest video in our series features key observations from Glen Hutchings and Shalini De Silva on cross border financing and the impact, and risks, of intangibles.
Got your holiday reading, listening sorted? We do… here’s your handy recap of the major employment tax updates for 2024
In this article, Hayley Lock, Stacey Biggar and Sam Gathercole provide a full recap of major employment tax developments in 2024 with quick links to feature articles and podcasts perfect for poolside perusal.
A costly incentive: $13.6m promoter penalty hit
This decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
Podcast episode 60: Intangible assets, transfer pricing and anti-avoidance - how did we get here?
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
Technology View all >
The Pulse of Fintech H1 2024
This report provides an overview of key global and Australian fintech investment trends and highlights in the first half of 2024.
Diving into the future of AI as ‘client zero’
KPMG firms are integrating AI into Audit, Tax and Advisory solutions as well as exploring practical use cases that have been designed to accelerate and enhance organizations’ audit processes, tax transparency and reporting obligations and meet clients’ ambitious business transformation objectives.
No ‘crisis’ with Australia’s current productivity slump
KPMG Australia’s economics team presents its analysis and findings on whether Australia is undergoing a real ‘productivity crisis’.
Canada’s digital services tax now in effect
Businesses should determine how they may be affected by the DST rules, including considering the accounting implications regarding their obligations under this new tax law.
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KPMG Tax Now – Podcast series
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion in tax, economics, regulation and compliance.
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