OrbitaxOrbitax

Australia Proposed Legislative Change for Application of SGE Penalties to Subsidiary Entities

|Proposed Changes|Australia
Australia

The Australian Taxation Office has announced a proposed legislative change for the application of significant global entity penalties to subsidiary entities.

---

Proposed application of SGE penalties to subsidiary entities

Significant global entities (SGE) are:

  • a 'global parent entity' whose 'annual global income' is A$1 billion or more
  • a member of a group of entities consolidated (for acc…

Continue Reading