Penalties may apply for organisations that do not meet Pillar Two requirements
BEPS Pillar Two is now law in Australia, introducing a global and domestic minimum tax for large multinationals, with the first lodgment deadline of 30 June 2026.
Missing the lodgment deadline or failing to demonstrate “reasonable measures” to comply could lead to penalties if adequate supporting information isn’t provided.
Fulfilling BEPS Pillar Two obligations is complex, requiring deep understanding, structured data, and coordination across jurisdictions. The later you start, the more challenging it becomes.