On 8 July 2015, the Australian Tax Office (ATO) announced it is developing a guide on the self-assessment of transfer pricing in respect to related party offshore marketing hubs, which is an area facing issues with arm's length compliance. The following is from the ATO.
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What are we doing?
We are committed to providing taxpayers with ways to mitigate their risk and help them with self-assessment and compliance. We will be developing a practical guide so taxpayers can assess the complian…