The Australian tax authority continues to focus on transfer pricing reviews.
An area that taxpayers and authorities may disagree upon is the correct application of TP methods often escalating into disputes, in which companies have to demonstrate why and how the specific method was adopted. 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.
Above all, the method chosen must be correctly applied to justify an arms’ length price.
Lets talk TP Methods in Australia.
In this webinar we will discuss recent developments in international tax policy, and consider the impact for multinational companies to effectively manage their transfer pricing obligations. Get exclusive Q&A with our transfer pricing experts.
Country By Country (CbC) Reporting incorporates revised standards for transfer pricing documentation and a common template for SGEs to report income.
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).