20 December 2017

Australian Tax Office releases further guidance regarding cross-border related party financing and diverted profit tax

The Australian Taxation Office (ATO) published the following documents on December 18:

- - Practical Compliance Guideline (PCG 2017/4) (outlining the ATO compliance approach to cross-border related party financing arrangements;
- - Law Administration Practice Statement (PSLA 2017/2) (outlining the ATO processes for initiating and implementing a Diverted Profits Tax (DPT) assessment); and
- - Draft Law Companion Guideline (LCG 2017/D7) (for consultation — containing the ATO guidance on the application of the DPT — comments are due by February 16, 2018).

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-2154

Document ID: 2017-2154