Simplified Transfer Pricing ATO Guidance Updated |
Posted: May 29, 2023 |
The ATO has updated its guidance on simplified transfer pricing record-keeping options that are available to companies, trusts and partnerships where they meet the eligibility criteria. There are seven simplified transfer pricing record-keeping options available:
The update to Practical Compliance Guideline PCG 2017/2 provides the:
Where taxpayers qualify and choose to rely on the simplified transfer pricing option, they must nevertheless keep documentation that can substantiate compliance with the arm’s length principle, under the terms of the concession, as required by law under self assessment. For further information, please refer here. Article: https://au.andersen.com/simplified-transfer-pricing/ To find out more, please visit our website or email us at: [email protected]
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