In force
Taxation (Multinational—Global and Domestic Minimum Tax) Act 2024
Act No. 132 of 2024 · Assented 10 December 2024
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In brief
Sets up a top-up tax on large multinational groups, so profits taxed below an agreed global minimum rate can be taxed in Australia.
Who's affected
- Large multinational company groups
- Australian entities within those groups
- Tax advisers and accountants
- The Australian Taxation Office
Written by AI from this Act's official text. It's MyMP's own description, not a reproduction. The official text is linked below and is the authority.
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