26 September 2018 Australian Taxation Office issues final guidance on Diverted Profits Tax risk assessment and compliance approach The Australian Taxation Office (ATO) issued on September 26, in relation to the Diverted Profits Tax (DPT), a final law companion ruling (LCR 2018/6) and practical compliance guideline (PCG 2018/5). The DPT is relevant for significant global entities (SGEs). The LCR and PCG follow public consultations on earlier drafts in February and March 2018. Both the LCR and PCG have additional content and refinements which improve the transparency of the DPT laws and engagement of taxpayers with ATO but there is no fundamental change since the earlier drafts. Document ID: 2018-1902 |
