EYAustralia’s Significant Global Entity definition expanded, impacting tax integrity laws (DPT and MAAL), reporting requirements (CbCR and general-purpose financial statements) and related penalty provisions
|Tax Alerts, Legislation & Policy, Na ...|Australia
On 12 February 2020, the Australian Government introduced into Parliament a Bill to broaden the significant global entity (SGE) definition after the May 2018 budget announcement. Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 (Treasury link here) follows an earlier Bill which lapsed with the calling of the 2019 Federal Election and updated November 2019 exposure draft (ED) law.
Expans…
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