• Multinationals: contact us by 31 March

    There are three weeks left to notify us if you think your arrangements may be within the scope of the Multinational Anti-Avoidance Law (MAAL).

    If you meet the definition of a significant global entity and are potentially impacted by the MAAL, you need to engage with us by 31 March 2017. You can contact us at MAAL@ato.gov.au

    If you do not engage with us by 31 March 2017, the MAAL increased penalties for significant global entities may apply to you. The provisions double the penalty for any scheme shortfall amount.

    To help you consider your position, the Law Companion Guideline outlines how we will apply and administer the law.

    See also:

    Combating multinational tax avoidance – a targeted anti-avoidance law

    Combating multinational tax avoidance – stronger penalties

      Last modified: 12 Apr 2017QC 48322