Australia has stepped up on the reviewing of TP methods and documentation. As such, careful deliberation must be exercised when selecting the most suitable TP method..
If you're an Australian company currently claiming tax deductions for cross-border payments then you MUST consider the imported mismatch
rule.
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.
A US multinational company with subsidiaries around the world, including Australia, recently prepared new US transfer pricing documentation. Is the US documentation acceptable in Australia?
The COVID-19 crisis has provoked an unprecedented shift toward working from home (#WFH), and for businesses to implement tools and resources allowing employees to work from home and look after their customers as seamlessly as possible.
Need a coffee break? Take a five minute and watch #5MinutesTP Episode 4.
Part two about #transferpricing and services transactions, how to price intra-group services
Need a coffee break? Take a break and watch #5MinutesTP Episode 3, #transferpricing for services, trips and traps on how to price services transactions
Grab a coffee and relax watching #5MinutesTP Episode 2 , All you need to know about #transferpricing documentation?
