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ATO Update on Process for CbC Reporting Lodgments

12 March 2020

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Approved Changes

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Australia

The Australian Taxation Office (ATO) has issued a follow-up email notification concerning an update on Country-by-Country (CbC) reporting lodgments issued in February ({News-2020-02-14/A/2-previous coverage}). --- As previously advised in our email of 13 February 2020, there is important information below regarding your CbC reporting lodgments (ie CbC report, master file and local file) made from 16 March 2020. We have considered your feedback and have made the following changes to ensure a more effective system. An increased number of data validations will now be performed on lodgments before they are accepted. These validations do not impose new lodgment requirements. They...