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Perspective
18 Dec 2024
5 minute read
Australian Government passes public country-by-country reporting measures – 18 December 2024
Australian Government passes public country-by-country reporting measures
On 10 December 2024, the much anticipated public country-by-country reporting measures received Royal Assent.
The public CbC reporting measures affect certain multinational entities that operate in Australia by requiring the public release of certain tax and other information on a jurisdiction-by-jurisdiction basis together with a statement on their approach to taxation, for reporting periods starting on or after 1 July 2024.
