Australia: Due date for country-by-country reports deferred to 29 January 2021
Australia: Due date for CbC reports deferred
The Australian Taxation Office (ATO) announced a deferral of the due date for “significant global entities” to file country-by-country (CbC) reports.
According to the ATO release, when organizations have a due date of 31 December 2020 for filing their CbC reports, these entities now have until 29 January 2021 to file their CbC reporting statements, including:
- Local file
- Master file
- CbC report
The ATO release says this arrangement is for filing (lodgement) deferral only and does not change the due date for payments.
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.