The Australian Taxation Office (ATO) announced that it was delaying the due date for “significant global entities” with country-by-country (CbC) reporting obligations to submit their CbC reports for the year ended 31 December 2018.
Significant global entities that have a 31 December 2018 obligation for CbC reporting normally would be required to submit their CbC reports, Master files, and Local files by 31 December 2019. However, an announcement posted on the ATO website (updated 18 November 2019) provides more time to submit these reports or files—until 15 January 2020.
The submissions of CbC reports, Master files, and Local files can only be made electronically via portals using the file transfer facility or SBR using SBR-enabled software. Filings made by email will not be accepted.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.