In 2024, the Australian Government introduced a 15 per cent minimum tax for large companies.
The laws are based on rules agreed with the OECD Inclusive Framework.
The OECD rules make sure large companies pay at least 15 per cent tax.
Minor changes need to be made to the law to keep it consistent with the OECD rules.
The changes are based on OECD guidance on the rules.
We are consulting on these changes.
The main changes include:
an equity investment inclusion election
rules on qualified flow-through tax benefits
an election for regulated mutual insurance companies
rules on securitisation entities.
