Transfer pricing 2013

Transfer pricing

Source: New South Wales

Published Date: 23 Oct 2013

 

The recently enacted Cross Border Transfer Pricing legislation imposes a higher obligation on Public Officers of companies to maintain appropriate TP documentation on a contemporaneous basis to defer and defend ATO investigation. Cross border financing, business restructures and profit based assessments where a business has consistently low profits or losses are likely ATO targets.

This practical presentation provides guidance on how to develop a framework to adapt to this new TP environment including:

  • ensuring your company’s TP documentation meets the ATO requirements of a reasonably arguable position to avoid automatic penalties should an audit adjustment arise
  • impact on IDS disclosure and your company’s risk profile
  • limitation on period for ATO to amend
  • personal liability of public officers for penalties arising from a false or misleading statements related to TP.

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Individual Session

Transfer pricing

Author(s): John Ross
Materials from this session:

Details

  • Published By: John Ross
  • Published On:23 Oct 2013
  • Took place at:Doltone House, Sydney

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