On 17 December 2015, the Australian Taxation Office (ATO) issued a Law Companion Guideline on the new Country-by-Country (CbC) reporting and transfer pricing documentation requirements. The new requirements are introduced in the Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015, which received Royal Assent on 11 December 2015. The main elements of the guideline are as follows.…