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Australia takes final step in implementing Pillar Two rules

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Australia

  • Australia has implemented the Pillar Two global and domestic minimum tax rules into domestic law.
  • The Australian Pillar Two rules apply to MNE Groups with consolidated annual revenue of €750m or more in at least two of the four fiscal years immediately preceding the test year, in line with the OECD Model Rules.
  • The Pillar Two rules have retrospective application to fiscal years starting on or after …

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