Transfer Pricing Solutions (TPS) Australia is pleased to announce the appointment of Hong Chuan Tan (HC) as Partner, recognising his
leadership on complex, multi‑jurisdictional transfer pricing engagements and his contribution to the firm’s growth across Australia, Asia &
Malaysia.
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.
