Simplified transfer pricin - ATO guidance updated | North Advisory
X

We'd love to help you build a successful business and grow your personal wealth. Get in touch to book a free consultation.

    Simplified transfer pricing — ATO guidance updated

    Posted by Northadvisory on April 9, 2018

    The ATO has updated its guidance on simplified transfer pricing record keeping options to include the minimum interest rate of 3.79% for small related party outbound loans for the 2018 year. Paragraph 75 of Practical Compliance Guideline PCG 2017/2 has been updated to reflect the new rate. Eligible lenders (among other things, entities with a combined cross-border loan balance of $50m or less for the Australian economic group) charging this interest rate may keep reduced transfer pricing documentation for eligible loans.

    For further information, please contact our office on 02 9984 7774 or email us at info@northadvisory.com.au.

    Read more about business tax.