Instructions to help you complete if you are a country by country reporting entity.
About Country by country reporting entities
Country by country (CBC) reporting entities that are corporate tax entities are required to give the Commissioner a general purpose financial statement (GPFS) if they:
- are Australian residents or foreign residents operating an Australian permanent establishment at the end of the income year, and
- do not lodge a GPFS with the Australian Securities & Investments Commission (ASIC) within the time provided under subsection 319(3) of the Corporations Act 2001.
The GPFS must be for the financial year that most closely corresponds to the income year, and it must be given to the Commissioner by the time the entity is required to lodge its tax return.
GPFSs cannot be lodged with the income tax return and must be lodged through ATO online services.
Item 5 – label A
Have you lodged a general purpose financial statement with ASIC in relation to this income year (before the due date for lodgment of the statement with ASIC)?
Print X in the appropriate box, either Yes or No.
Print X in the box, Yes if you have lodged a GPFS with ASIC on or before the due date(s) for lodgment of the statement with ASIC and your income tax return. The GPFS must be for the financial year that most closely corresponds to this income year. You do not need to answer question 5B.
Print X in the box, No in all other circumstances. You must answer question 5B.
Item 5 – label B
Will you be lodging a general purpose financial statement with ASIC in relation to this income year (before the due date for lodgment of the statement with ASIC)?
Print X in the appropriate box, either Yes or No.
Print X in the box, Yes if you intend to lodge a GPFS with ASIC on or before the due date(s) for lodgment of the statement with ASIC and your income tax return. The GPFS must be for the financial year that most closely corresponds to this income year.
Print X in the box, No in all other circumstances.
You must lodge a GPFS with the ATO on or before the due date for lodgment of your income tax return if you have not already lodged a GPFS with the ATO for the income year.
Continue to: Information statement – items 6 to 25