Does your foreign parent company documentation provide AU compliance?
Learning Centre • Videos & Webinars • Does your foreign parent company documentation provide AU compliance?
Learning Centre • Videos & Webinars • Does your foreign parent company documentation provide AU compliance?
A US multinational company with subsidiaries around the world, including Australia, recently prepared new US transfer pricing documentation.
The company applies their transfer pricing policies on a global basis. The US tax director instructs the Australian tax director to use this documentation to support the prices charged by the US Company to the Australian subsidiary.
Is the US documentation acceptable in Australia?
On 12 May 2026, the Australian Government delivered the 2026-27 Federal Budget, confirming that it will amend Australia’s global and domestic minimum tax laws to implement the OECD/G20 Inclusive Framework’s Side-by-Side (SbS) Package.
We're a double finalist at the 2026 Australian Accounting Awards! Boutique Firm of the Year and Fastest Growing Firm of the Year. So proud of our team and grateful to our amazing clients.
Under the OECD Pillar Two global minimum tax framework, in‑scope multinational enterprise (MNE) groups may be subject to a 15% minimum effective tax rate. To administer and monitor compliance, two key reporting obligations are relevant.
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