In April, we hosted our third Pillar Two information session about implementing the global and domestic minimum tax. These sessions are designed to support multinational enterprise (MNE) groups and their advisers prepare for Pillar Two lodgments and obligations. More than 750 participants from Australia and around the globe attended the April webinar, expanding on the success from our previous sessions.
This session focused on what's important for MNEs and their advisers as we approach 30 June and the first Pillar Two lodgments.
We presented several practical topics and answered questions participants raised during our live chat about:
- lodgment obligations and specifics, including new processes available
- correspondence
- our compliance approach.
A representative from Treasury also provided an overview of the Organisation for Economic Co-operation and Development's side-by-side solution.
Participants were very engaged during the session, raising both technical and practical questions.
Below are the key topics covered and links to relevant resources.
Combined global and domestic minimum tax return lodgment
Attendees asked about the Combined global and domestic minimum tax return (CGDMTR) and whether instructions are available. We advised that we've now published the online form instructions on our website.
Side-by-side approach
Several participants asked whether Australia will legislate the OECD side-by-side package. We noted that this is a matter for government. You can stay up to date on potential amendments to the legislation on our Pillar Two web content.
Registration for Pillar Two
Attendees asked whether registration is required for Pillar Two in Australia. We advised that MNE groups do not need to register for Pillar Two before their first lodgment. However, entities may require the Global Domestic Minimum Tax (GDMT) account and role to be created prior to lodgment in order to nominate a tax agent for Pillar Two purposes.
To lodge a GloBE Information Return (GIR) and CGDMTR online, a designated local entity (DLE) or group entity needs to log in to Online services for business or their agent can lodge on their behalf via Online services for agents.
For more information about Pillar Two registration, visit Lodging, paying and other obligations for Pillar Two.
What’s next?
Pillar Two first lodgments are due by 30 June. For the latest information about Pillar Two lodge and pay obligations, visit Lodging, paying and other obligations for Pillar Two
Watch the information session recordingExternal Link if you were unable to attend.
Our next Pillar Two information session will be held in the coming months. Subscribe to the Business bulletins newsletterExternal Link to keep up to date, including how to register.
If you have technical questions or need support, please email us at Pillar2Project@ato.gov.au
For all the latest updates on Pillar Two, visit ato.gov.au/Pillar2
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