Australia releases ruling on business restructuring
June 02, 2010
The Australian Tax Office (ATO) has today released a draft taxation ruling on the application of transfer pricing provisions in business restructurings.
Draft Taxation Ruling 2010/DC Income Tax is based on the ATO’s process for transfer pricing and provides guidance for taxpayers and audit staff when analysing such restructures. This process includes characterising the international dealings between associated enterprises and selecting the most appropriate methodology.
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