Australia's Country-by-Country Reporting Net Widens - Accounting and Audit
To print this article, all you need is to be registered or login on Mondaq.com. More entity types are now required to submit Country-by-Country files and General Purpose Financial Statements, explains Partho Guha. In Australia, Significant Global Entities (SGE) are required to submit Country-by-Country (CbC) files, which include the country-specific Local File, group Master File and CbC report, for income years starting on or after 1 January 2016. Corporate tax entities that are SGEs must also lodge General Purpose Financial Statements (GPFS) with the Australian Tax Of...