CbC Reporting incorporates revised standards for transfer pricing documentation and a common template for SGEs to report income and other measures of economic activity for each country in which they conduct their activities.
The statements require you to report details, by jurisdiction, regarding your global and local operations and activities, transfer pricing policies, international related party dealings, revenues, profits, and taxes paid.
If you're an Australian company currently claiming tax deductions for cross-border payments then you MUST consider the imported mismatch
If your business is engaged in international dealings with related parties, and has more than $2 million of related-party dealings, you are required to complete an international dealings schedule (IDS) and lodge it with your income tax return for that year.
Multinational Anti-Avoidance Law (MAAL) is an anti-avoidance measure created to combat tax avoidance by multinationals using certain
transfer pricing arrangements or structures to avoid the attribution of profit to a permanent establishment in Australia.