Corporate experience(s) in tax compliance and governance offer valuable lessons for SMEs navigating increasingly complex tax environments. Key insights include the importance of proactive tax governance, recognizing shared responsibilities beyond accountants and lawyers, and staying ahead of evolving ATO practices such as real-time audits. Among the complex areas SMEs are exposed to are the tax consolidation rules, thin capitalisation rules, transfer pricing rules and significant global entity compliance obligation. This session looked to cover specific elements of these rules as relevant to SME taxpayers and current ATO practice.