Companies facing a December 31 due date for country-by-country reporting obligations will now have until February 4, 2022, to file the reports, according to a November 18 announcement from the Australian Taxation Office.
The deferral is an early holiday present for taxpayers, with ATO stating it is granting the extra time due to both the year-end holidays and the ongoing impacts of Covid-19.
The extra time applies to the local file, master file, and country-by-country report. The extension only applies to filings, not any applicable payment due dates.
The ATO also reminds taxpayers that they may file online or with government-approved software; emailed filings are not accepted.
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