Transfer Pricing is becoming more and more litigious. Ensure your documentation is in order!
The transfer pricing environment in Australia has undergone significant change in recent years. This evolution will continue. (Mandarin and English)
Treasury: draft legislation for consultation impacting SGEs
Treasury have released draft legislation, Treasury Laws Amendment (Measures 4 for Future Bills) Bill 2023: Multinational tax transparency - Tax changes, for consultation. These measures will impact reporting requirements for significant global entities within Australia.
What you need to know about the Ampol Transfer Pricing case and your Transfer Pricing needs
The long running and high profile Ampol transfer pricing case has recently settled and it has been reported that they are paying the Australian Tax Office (ATO) $157 million.
This case has highlighted the importance of organisations operating within Transfer Pricing requirements. Find out what our specialist has to say.
A sharper focus on intangibles
The taxation of intangible assets is a complex area of taxation and further complexity is added where there are international related party dealings in respect to these assets. Significant legislative and interpretative changes are being made in relation to the taxation of intangibles which impact taxpayers.
Implications of COVID-19 on Transfer Pricing Policies
The continued economic impact of COVD-19 in Australia, Asia Pacific and the wider world has naturally forced or accelerated the process of businesses to review their existing operations and commercial arrangements. Companies have taken stock on the impact of COVID-19 on their financials, business models and supply chains.