OrbitaxATO Publishes Updated Guidelines on Cross-Border Related Party Financing Including Schedule on Interest-Free Loans
|Approved Changes|Australia
On 10 December 2020, the Australian Taxation Office (ATO) published an updated version of Practical Compliance Guideline (PCG) 2017/4 on the ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions. PCG 2017/4 provides a framework for taxpayers to assess the tax risk of their related party financing arrangements in ac…
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