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.
Privately owned and wealthy groups are required to assess whether they are Significant Global Entities (“SGE”) and complete their income tax returns accordingly. This guidance provides clarity to taxpayers on their SGE status and where self assessment leads to low risk scenarios.
We’re thrilled to announce that Transfer Pricing Solutions Asia (Singapore) and Transfer Pricing Solutions Malaysia have both been ranked as recommended Transfer Pricing firms in the 2026 ITR World Tax rankings.
We’re proud to announce that Transfer Pricing Solutions Australia has been ranked as a Tier 2 firm in Transfer Pricing in the prestigious 2025 ITR World Tax rankings solidifying our position among the leading transfer pricing advisory firms in the country.
We're proud to announce that our Founder and Director, Shannon Smit, has been recognised as a Highly Regarded Transfer Pricing specialist and Women in Tax Leader for the Australia jurisdiction in the 2026 ITR World Tax Rankings. In addition, Transfer Pricing Solutions Australia has been ranked as a Tier 2 transfer pricing firm.
Winning the 2025 ITR Asia-Pacific Tax Award in Transfer Pricing isn’t just a win for us - it’s a win for businesses across Australia and the APAC region.
While much of the public discourse on tariffs has been dominated by political headlines, the business reality is far more complex—and far-reaching.
To assist taxpayers in complying with new minimum tax requirements, the ATO has released Draft Practical Compliance Guideline PCG 2025/D3, which outlines a practical administrative approach to penalty enforcement during a crucial transition period.
Transfer Pricing Solutions has been named a finalist in the prestigious 2025 ITR Asia-Pacific Tax Awards in three key jurisdictions: Australia, Singapore, and Malaysia, under the category of Transfer Pricing Firm of the Year.
From 1 January 2025, the ATO is updating its Local File reporting requirements for CbCREs. These changes aim to enhance clarity, consistency, and compliance across international tax reporting.
Starting 1 July 2024, certain large multinational enterprises (MNEs) will be required to publicly disclose select tax and operational data under the new Public Country-by-Country (CBC) Reporting regime in Australia.
Factors to consider when determining the amount of your inbound, cross-border related party financing arrangement - ATO compliance approach
The ATO has tightened CbC reporting rules for MNEs, effective January 1, 2025, significantly increasing compliance costs and obligations. Key changes include the elimination of most self-assessed exemptions, requiring formal requests with detailed evidence, and reduced administrative relief for local file reporting.
Global Minimum Tax (GMT) is one of the largest tax reformations as part of the initiative under Pillar 2 of the Base Erosion Profit-Shifting (BEPS) 2.0 project.
This article will provide an overview of what global minimum tax is, why it's important, and how it impacts multinational corporations and the global economy.
