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Australia: Updated guide on Pillar Two, with details on GIR exchange, implications of possible adoption of side-by-side package

Updated guidance from Australian Taxation Office (ATO)

may 27, 2026

The Australian Taxation Office (ATO) updated its guide on the implementation of Pillar Two in Australia, with new details on:

  • Global anti-base erosion (GloBE) information return (GIR) exchange, including the agreement to a common understanding to waive penalties and not enforce local GIR filing obligations in certain circumstances
  • Implications of possible adoption of OECD side-by-side package into Australian law

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