Does your foreign parent company documentation provide AU compliance?
Learning Centre • Videos & Webinars • Does your foreign parent company documentation provide AU compliance?
Learning Centre • Videos & Webinars • Does your foreign parent company documentation provide AU compliance?
A US multinational company with subsidiaries around the world, including Australia, recently prepared new US transfer pricing documentation.
The company applies their transfer pricing policies on a global basis. The US tax director instructs the Australian tax director to use this documentation to support the prices charged by the US Company to the Australian subsidiary.
Is the US documentation acceptable in Australia?
From 1 January 2025, the ATO is updating its Local File reporting requirements for CbCREs. These changes aim to enhance clarity, consistency, and compliance across international tax reporting.
Starting 1 July 2024, certain large multinational enterprises (MNEs) will be required to publicly disclose select tax and operational data under the new Public Country-by-Country (CBC) Reporting regime in Australia.
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