On 22 December 2014, the Australian Taxation Office (ATO) published eligibility guidance on its website for simplified transfer pricing record keeping options. The guidance covers eligibility for small taxpayers, distributors, intra-group services, and low-level loans.
General eligibility requirements for all four entity/transaction types include that the taxpayer:
- Has not derived sustained losses
- Has not had related-party dealings with entities in specified countries
- Has not undergone a r…