INSIGHTS

Updates on Australian and international tax and accounting issues

At Oceade, we stay up to date with the latest tax rules and regulations that affect our Australian and international clients. See our updates on important changes below, and feel free to reach out to us if you need our support — we are here to help.

Pillar Two Reporting - the New "Side-by-Side" Framework

On 5 January 2026, the OECD released its Side-by-Side (SbS) Package , an 88-page set of additional safe harbours and concessions intended to operate alongside the existing Pillar Two global minimum tax rules . While these measures are designed to streamline compliance, they add another layer to an already extensive and complex regime. Although Australia is expected to adopt elements of the SbS framework, the new rules will not apply to Australian taxpayers unless and until

Pillar Two

Jan 123 min read

Great Expectations: New Reporting and Reforms

As we step into 2026, taxpayers can anticipate another busy year for compliance, with several new reporting obligations and reforms being introduced. Payday Super While most employers should already have progressed to a similar model by now, this is the reform that will impact all businesses to some extent. Summary: A substantial overhaul of the employer contribution system. A broader scope of application, a 7 business days deadline for contributions to be received after sa

Jan 82 min read

Pillar Two: Combined Global & Domestic Minimum Tax Returns

Today, the Australian Taxation Office unveiled our first look at its draft Combined Global & Domestic Minimum Tax Return. While this form is quite overdue (initial expectation was a release in June 2025), it is quite surprising in its simplicity. This proposed new form combines in one all 3 elements of Pillar Two reporting: • GloBE Information Return / Foreign Lodgment Notification • Income Inclusion Rule / Undertaxed Profits Rules Return • Domestic Minimum Tax Return Yet, a

Dec 1, 20251 min read

International tax - Public CBC reporting

Public Country-by-Country (CbC) Reporting Update

The ATO has released administrative details on the new Public CbC obligations that take effect for financial years starting on or after 1 July 2024.

Jun 10, 20252 min read

Pillar Two rules

Confused about the new Pillar Two rules? We run training sessions for tax agents to help them navigate through concepts such as MNE, UPE, IIR, UTPR, DMT, POPE, IPE. Don't wait until the last moment to grasp these complex notions!

May 1, 20251 min read

CONTACT
OCEADE

Darling Park Tower 2, Level 20

201 Sussex Street

Sydney NSW 2000

Email: info@oceade.com.au
Tel: +61 2 7252 7100

INSIGHTS

Pillar Two Reporting - the New "Side-by-Side" Framework

Great Expectations: New Reporting and Reforms

Pillar Two: Combined Global & Domestic Minimum Tax Returns

Public Country-by-Country (CbC) Reporting Update

Pillar Two rules

CONTACT
OCEADE

OUR ADDRESS

For general enquiries, please fill in the following contact form:

INSIGHTS

Pillar Two Reporting - the New "Side-by-Side" Framework

Great Expectations: New Reporting and Reforms

Pillar Two: Combined Global & Domestic Minimum Tax Returns

Public Country-by-Country (CbC) Reporting Update

Pillar Two rules

CONTACT OCEADE

OUR ADDRESS

For general enquiries, please fill in the following contact form:

CONTACT
OCEADE