Australia: Transfer pricing recordkeeping options

Australia: Transfer pricing recordkeeping options

The Australian Taxation Office (ATO) on 17 December 2020 released updated practical compliance guidelines regarding transfer pricing recordkeeping options.


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The amendment updating the guidelines—PCG 2017/2 Simplified transfer pricing record-keeping options—provides the maximum interest rate and the minimum interest rate for small related-party inbound and outbound loans, respectively, for the 2021 year. These interest rates apply when the combined cross-border loan balance is $50 million* or less for the Australian economic group at all times throughout the financial year.

*$=Australian dollar

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