The Australian Taxation Office (ATO) released additional guidance with an overview of the detailed design of the local file / master file. The guidance addresses IT specifications for software developers to use in business management software to enable the generation of a valid XML file.
ATO informed that it developed a combined local file / master file XML schema, so the master file must be attached to the combined submission. The local file / master file XML schema comprises:
The design of the local file / master file XML schema allows for separate submissions of the three components of the local file and the master file. While the local/master file XML schema contains questions in relation to the lodgement of the Country-by-Country (CbC) report, the CbC report itself must be lodged separately in accordance with the OECD XML schema (v1.0). For more detailed information, see the source.
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