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Guidance on providing general purpose financial statements

Country-by-country reporting entities with an Australian presence must give us a general purpose financial statement.

Last updated 15 July 2021

A corporate tax entity that is a country-by-country reporting entity (CBC reporting entity) with an Australian presence must give us a general purpose financial statement (GPFS). They do not have to provide a GPFS if one has already been lodged with the Australian Securities and Investments Commission (ASIC).

For income years starting on or after 1 July 2016 but before 1 July 2019, this lodgment obligation applies to corporate tax entities that are also significant global entities (SGEs).

Note: All legislative references in this document are to the Taxation Administration Act 1953 unless otherwise stated.

See also:

QC53403