The Australian Taxation Office (ATO) has published guidance on CbC reporting exemptions and administrative relief for requests received from 1 January 2025, which includes the removal of local file administrative relief for companies with respect to reporting periods starting on or after 1 January 2024. Guidance on exemptions and administrative relief for requests received up to 31 December 2024 is also provided. --- Exemptions and administrative relief – from 1 January 2025 When you may be eligible for an exemption from some CBC reporting obligations under Subdivision 815-E of the ITAA 1997. Overview CBC reporting exemption requests The following approach...