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