The Resource Australia : new transfer pricing laws passed

Australia : new transfer pricing laws passed

Label
Australia : new transfer pricing laws passed
Title
Australia : new transfer pricing laws passed
Creator
Subject
Language
eng
Summary
The new Australian transfer pricing laws have now been passed, nearly 18 months since first announced. The new rules will apply to income years beginning on or after 1 July 2013. The existing transfer pricing provisions will cease to have effect at the same time. Key practical implications are: (1) stricter deadlines for preparing transfer pricing documentation, (2) a higher expectation on taxpayers and the Public Officer to voluntarily monitor their compliance with the transfer pricing rules, (3) OECD based global transfer pricing studies should be reviewed to ensure that they adequately address the Australian rules, (4) the terms and conditions of intercompany legal agreements will become increasingly important and (5) the pricing of intercompany debt will need to consider the amount that could have been borrowed at arm's length
Citation source
In: Transfer pricing international journal. - London. - Vol. 14 (2013),
http://library.link/vocab/creatorName
  • Houseman, N
  • Robinson, G
  • Stevens, S.M
Language note
English
http://library.link/vocab/subjectName
  • transfer pricing
  • documentation requirements
  • arm's length principle
Label
Australia : new transfer pricing laws passed
Instantiates
Publication
Label
Australia : new transfer pricing laws passed
Publication

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