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Australia Updates Simplified Transfer Pricing Record Keeping Options for Loans

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has published an updated version of Practical Compliance Guidelines (PCG) 2017/2 Simplified transfer pricing record-keeping options. The update includes the 2020 income year interest rates for the inbound and outbound loan simplified transfer pricing record-keeping options, which includes that the interest rate is no more than 2.33% in the 2020 income year in respect of inbound loans, and no less than 2.33% in respect of outbound loans (the rate is 3.76% …

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