From Australia to the USA, this is your guide to recent developments around the world
Transfer pricing is regulated in Australia by Division 13 of Part III of the Income Tax Assessment Act 1936 (ITAA 1936). Since its introduction transfer pricing has been one of the key areas of focus of the Australian Taxation Office (ATO).
Transfer pricing statutory requirements
Australia’s transfer pricing regulatory framework adopts the arm’s-length principle and includes anti-avoidance provisions that deal with the non-arm’s-length supply and acquisition of property in association with international agreements between connected entities. As a result taxpayers are required to correctly assess their tax obligations and ensure compliance with the arm’s-length principle.
It is important to note that Australian transfer pricing statutory rules do not impose specific legal requirements with respect to the preparation and maintenance of transfer pricing documentation to support the arm’s-length nature of related party dealings. Nonetheless...
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From Australia to the USA, this is your guide to recent developments around the world
Transfer pricing is regulated in Australia by Division 13 of Part III of the Income Tax Assessment Act 1936 (ITAA 1936). Since its introduction transfer pricing has been one of the key areas of focus of the Australian Taxation Office (ATO).
Transfer pricing statutory requirements
Australia’s transfer pricing regulatory framework adopts the arm’s-length principle and includes anti-avoidance provisions that deal with the non-arm’s-length supply and acquisition of property in association with international agreements between connected entities. As a result taxpayers are required to correctly assess their tax obligations and ensure compliance with the arm’s-length principle.
It is important to note that Australian transfer pricing statutory rules do not impose specific legal requirements with respect to the preparation and maintenance of transfer pricing documentation to support the arm’s-length nature of related party dealings. Nonetheless...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
