Expanded definition of Significant Global Entity


Expanded definition of Significant Global Entity - 9 December 2019

Tax insights

On 13 November 2019, the Government re-released Exposure Draft legislation and explanatory materials, which will extend the definition of a Significant Global Entity (SGE) and introduce a new concept of a Country-by-Country Reporting entity (CbCRE). This draft legislation was originally contained within Treasury Laws Amendment (Making Sure Multinationals Pay their Fair Share of Tax and Other Measures) Bill 2018 which lapsed at the last election. The changes were originally announced as part of the 2018-19 Federal Budget.

Expanded definition of Significant Global Entity
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