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Australia Updates Instructions on Completing the Local File

|Approved Changes|Australia
Australia

The Australia Taxation Office published updated instructions on 30 January 2018 for completing the Local File - Short Form. The requirement to submit a Local file applies for reporting beginning on or after 1 January 2016 and is part of Australia's Country-by-Country (CbC) statements requirements, which also include the Master file and CbC report. In general, companies with international relat…

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