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Australian Board of Taxation Releases New Voluntary Tax Transparency Code

|Approved Changes|Australia
Australia

The Australian Board of Taxation has published the Redesigned Voluntary Tax Transparency Code (VTTC) that will apply for the year beginning 1 July 2026, with an option for early adoption. The VTTC is a set of principles and 'minimum standards' that encourages entities to disclose their tax information. One of the main changes in the redesign concerns the introduction of the public CbC reportin…