When and how the Pillar Two rules apply

News Tax & Compliance Law & Policy Updates

Date: 15th May, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

On May 15, 2025, the Australian Taxation Office (ATO) issued an update regarding When and how the Pillar Two rules apply. The ATO clarified that the Income Inclusion Rule (IIR), Undertaxed Profits Rule (UTPR), and domestic minimum tax will apply to fiscal years starting on or after January 1, 2024, and 2025, respectively, for multinational enterprises with annual revenue exceeding €750 million.

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Australian Taxation Office (ATO)

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When and how the Pillar Two rules apply

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When and how the Pillar Two rules apply

Brief

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