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6 June 2024
On 5 June 2024, Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 (the Bill) containing the proposed public country-by-country (CbC) reporting rules was introduced into Australian Parliament. The measures set out in the Bill, which will broadly require large multinational groups to publicly disclose certain tax information on a country by country basis and a statement on their approach to taxation, are largely consistent with those proposed in the exposure draft released in February 2024. Refer to our 13 February Tax Alert for further details.
If you would like to further discuss this alert, reach out to our team or your PwC adviser.
Georgie Hockings
Greg Weickhardt
Nick Houseman
Sarah Saville
Chris Vanderkley
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