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ATO Publishes Draft Update of Guidelines on Cross-Border Related Party Financing Including Schedule on Interest-Free Loans

|Proposed Changes|Australia
Australia

The Australian Taxation Office has published a draft update of Practical Compliance Guideline (PCG) 2017/4 on the ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions, which provides a framework for taxpayer's to assess the tax risk of their related party financing arrangements in accordance with the ATO's risk framework. The draft update includes a proposed Schedule 3 dealing with interest-free loans between re…

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