Australia Tax Agency Issues Guidance on Pillar 2 Account, Role Creation, Nominations, for Tax Professionals

The Australian Taxation Office June 1 issued guidance on Pillar Two account and role creation, and nominations, for the tax professionals of multinational enterprise (MNE) group entities. Topics covered include: 1) the June 30 filing deadline for the Global Anti-Base Erosion (GloBE) Information Return (GIR) and the combined global and domestic minimum tax return (CGDMTR), for many group entities; 2) a 30-day extension for all in-scope group entities for first filing of the 2024 domestic filing obligation; 3) instructions for a client to nominate a currently un-nominated tax professional to file the Pillar Two returns, and for the tax professional ...