If you're an Australian company currently claiming tax deductions for cross-border payments then you MUST consider the imported mismatch
If your business is engaged in international dealings with related parties, and has more than $2 million of related-party dealings, you are required to complete an international dealings schedule (IDS) and lodge it with your income tax return for that year.
Multinational Anti-Avoidance Law (MAAL) is an anti-avoidance measure created to combat tax avoidance by multinationals using certain
transfer pricing arrangements or structures to avoid the attribution of profit to a permanent establishment in Australia.
CbC Reporting incorporates revised standards for transfer pricing documentation and a common template for SGEs to report income and other measures of economic activity for each country in which they conduct their activities.
Transfer Pricing is a complex tax area. This video gives a brief overview of what is Transfer Pricing, and what would trigger your need to see advice from a transfer pricing specialist on behalf of your client.