Transfer pricing audits in Australia increase rapidly
May 08, 2008
ATO reports faster conversion from risk reviews into fully fledged audits
The Australian Tax Office (ATO) has said that the number of transfer pricing audits has increased rapidly over the last year. The ATO-led National Tax Liaison Group (NTLG) was told that number of transfer pricing risk reviews had turned into full transfer pricing inquiries has grown substantially – and a higher rate than the ATO had expected.
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