Regulation Impact Statement Updates

Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.

Diverted Profits Tax

Aust Gov
14th March 2017

Regulation Impact Statement – Department of the Treasury

On 9 February 2017, the Government introduced the Diverted Profits Tax Bill 2017. The bill introduces a 40 per cent tax on diverted profits to encourage greater compliance by large multinational enterprises with their tax obligations in Australia.

A Regulation Impact Statement (RIS) was prepared and certified by the Treasury, and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR).

The diverted profits tax is expected to impose a transitional regulatory burden averaged out to $16.4 million a year over 10 years. The OBPR agreed to the estimated regulatory burden.

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