乐鱼(Leyu)体育官网

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Australia: Legislation implementing Pillar Two global minimum tax rules passes Senate

Two bills will return to the House of Representatives, while the other awaits Royal Assent

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November 27, 2024

Legislation implementing a15% global minimum tax and domestic minimum tax on certain multinational enterprises (MNEs) with annual global revenue of at least 鈧�750 million passed the Senate on November 26, 2024.

The three bills鈥攊nitially introduced in the House of Representatives on July 4, 2024 (read聽TaxNewsFlash)鈥攊苍肠濒耻诲别:

  • Taxation () Imposition Bill 2024, which now awaits Royal Assent
  • Taxation () Bill 2024, to which amendments were made and thus must now return to the House of Representatives
  • Treasury Laws Amendment聽) (Consequential) Bill 2024, to which amendments were also made and thus must now return to the House of Representatives

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