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The Australian Taxation Office (ATO) recently released its sixth findings report, providing key insights into its Top 1000 Combined Assurance Review (CAR) program, particularly focusing on transfer pricing and related areas. Introduced in 2020, the CAR program targets the top 1,000 Australian taxpayers to ensure compliance with taxation laws across...
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The latest edition of the PKF Worldwide Tax Update newsletter is now available. This issue highlights significant tax changes and amendments from around the globe, with each topic complemented by expert insights from PKF tax advisors. PKF Australia's contribution to this newsletter was authored by Becky Nguyen from PKF Melbourne....
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On 22 August 2024, the Australian House of Representatives passed a new law that introduces a 15% global minimum tax and a domestic minimum tax for large multinational companies with yearly global revenues over €750 million. This move follows the Australian Government's 2023-2024 Budget plan, which included adopting the OECD/G20...