BEPS Australia: CbC Reporting Exposure Draft

The Australian Treasury recently released its “Exposure Draft” with respect to Country-by-country reporting.

Complete documentation is available here.

Key documents include:

  • Exposure Draft – Country by Country
  • Explanatory Material – Country by Country
  • Exposure Draft – Tax Avoidance Penalties
  • Explanatory Material – Tax Avoidance Penalties

The Australian Treasury writes:

“Interested parties are invited to comment on the exposure draft amendment guidelines and explanatory statement.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Wednesday, 2 September 2015

Address written submissions to:

General Manager
Corporate and International Tax Division
The Treasury
Langton Crescent

For enquiries please call Philip Akroyd (legislative enquiries – Country by Country Reporting) +61 2 6263 4385, Ronita Ram (legislative enquiries – penalties) +61 2 6263 3168 or Brendan McKenna (policy enquiries) +61 2 6263 4449.”

Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at”

DRTP Consulting Inc. solutions go beyond transfer pricing and international tax solutions. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.

Posted by drtp On 12 August 2015