The Australian Taxation Office (ATO) has published a draft Practical Compliance Guideline on Diverted Profits Tax (PCG 2018/D2) for consultation. The Diverted Profits Tax (DPT) applies for income years beginning on or after 1 July 2017 at a rate of 40% on profits that have been artificially diverted from Australia by significant global entities ({News-2017-03-29/A/2-previous coverage}).

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