EYAustralian Taxation Office publishes guidance on COVID-19 economic impacts on transfer pricing arrangements and altering related party arrangement
|Tax Alerts, National/Federal Taxation, T ...|Australia
Executive summary
On 19 June 2020, the Australian Taxation Office (ATO) published new web guidance regarding the COVID-19 economic impacts on transfer pricing arrangements (link); and in a separate publication expressed concerns regarding businesses altering related party arrangements (link) to trigger deductions, reduce withholding tax, depress assessable income or assume global losses. …
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