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08 June 2016

Australia's new transfer pricing guidance affects profit attribution in global value chains starting July 1

The 2016 Australian Federal Budget announcement to implement the changed Organisation for Economic Co-operation and Development (OECD) transfer pricing guidelines (CTPG) with application from July 1 requires immediate attention. The CTPG implement Base Erosion and Profit Shifting (BEPS) Actions 8-10, aligning transfer pricing outcomes with the value chain and provide guidance on what are considered to be high risk related party dealings.

A Tax Alert prepared by Ernst & Young Australia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0991

Document ID: 2016-0991

 

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