The Local File- High Level Design for Country-by-Country reporting is of one of three statements multinational entities with an annual global income of A$1 billion are required to provide the ATO for income years commencing on, or after, 1 January 2016. This was developed with various inputs including OECD guidance, paragraphs 40-43 of our Law Companion Guideline as well as aiming to minimise overlap with existing reporting requirements.

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