We are delighted to announce that our firm Transfer Pricing Solutions, has been shortlisted as a finalist! This time we are making our name in the Australian Accounting Awards 2017 organised by the Accountants Daily.
Our nominations for 2017 are:
We would also like to address our team’s great effort that has led us to these nominations. And to all of you who have been supporting us throughout our journey. Thank you.
Congratulations to all other finalists! We will see you during the awards ceremony in Sydney, 26 May 2017.
Read more about the announcement:https://www.accountantsdaily.com.au/australian-accounting-awards/2017-finalists
Thec Covid-19 pandemic has triggered the most severe recession and is causing enormous damage to the world economy. The economic downturn will impact a group’s transfer prices, analysis and documentation, more so with the BEPS Action Plans in place and the high level of transfer pricing scrutiny across the globe.
JobKeeper forms part of taxable income in the tax return. Makes sense, it is a subsidy against wages, so I am sure there are no surprises there, but how do you assess the arm’s length financial outcomes of the entity for transfer pricing purposes?
The ATO expect that Australian entities will retain the benefit of the JobKeeper payment they receive. So how do you treat the JobKeeper payments for transfer pricing purposes?