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 1 January 2024.In-scope groups need to prepare for the financial reporting and compliance obligations that will be required under the new domestic and global minimum tax. Executive summaryThe Australian Government registered the Taxation Multinational Global and...