Australia: Guidance on amending global and domestic minimum tax assessments and GIRs
How to amend global and domestic minimum tax assessments and correct a GloBE information return
The Australian Taxation Office in March published guidance on how to amend global and domestic minimum tax assessments and correct a GloBE information returns (GIRs) under Pillar Two rules. The guidance:
- Explains when corrections are required
- Sets out statutory four‑year amendment periods for income inclusion rule, undertaxed profits rule, and domestic minimum tax assessments
- Describes the procedures and limitations for amending combined global and domestic minimum tax returns and GIR filings
For more information, contact a KPMG tax professional in Australia:
Alia Lum | alum@kpmg.com.au
Amanda Maguire | amaguire@kpmg.com.au