Australia: Pillar Two minimum tax, public CbC reporting, and foreign residents’ capital gains withholding bills receive Royal Assent
Legislation received Royal Assent on December 10, 2024.
The following legislation received Royal Assent on December 10, 2024:
- Pillar Two global minimum tax rules (read TaxNewsFlash)
- Public country-by-country (CbC) reporting (read TaxNewsFlash)
- Increase in foreign resident capital gains withholding rate from 12.5% to 15% and simplification of small business tax obligations (read TaxNewsFlash)