The Australian Taxation Office (ATO) has published draft Practical Compliance Guideline (PCG) 2019/D5 - ATO compliance approach to transfer pricing issues related to projects involving the use in Australian waters of non-resident owned mobile offshore drilling units. When finalized, the draft Guideline is proposed to apply both before and after its issue.
---
What this draft Guideline is about
1. This draft Guideline sets out the ATO's compliance approach to transfer pricing issues for p…