All you need to know about transfer pricing documentation.
The CbC Reporting has created a ‘BEPS wave’ in the industry and has become an area of focus for tax practitioners, with many countries releasing new legislation and reporting requirements for multinational enterprises (MNE).
Transfer Pricing Solutions is growing. As an industry leader in the Asia-Pacific Region, we are delighted to announce the opening of our new entity located in Singapore. Transfer Pricing Solutions Asia allows us to cement our expertise in transfer pricing solutions in one of Asia’s largest financial centres, increasing our presence in the region
Transfer pricing remains in the eye of the Australian Taxation Office (ATO) with further developments on the enforcement of Australia’s multinational anti-avoidance law (MAAL). The spotlight on the anti-avoidance law affirms Australia’s commitment to enforcing tax transparency and the implementation of BEPS Action plan.
The ATO is currently focusing on reviewing arrangements involving the use of offshore procurement hubs that source goods on behalf of Australian resident multinational enterprises (MNEs).
In the most recent Tax Payer Alert TA 2015/5, the ATO announced that is focusing on structures where the procurement hub offshore is sourcing goods on behalf of the Australian MNE and is also receiving services from another related party entity located offshore (Service hub).