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Australia clarifies rules on transfer pricing for business restructurings

July 06, 2011

Salman Shaheen - ITR

In a new ruling, the Australian Tax Office (ATO) has set out how it expects business structuring for multinational enterprises to be documented for transfer pricing purposes.

When the functions, assets or risks of a business are transferred between jurisdictions, the Australian authorities require documentation explaining the restructuring’s commercial rationale, focusing on its effect on the group and the benefits it brings to the Australian company.

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Australia clarifies rules on transfer pricing for business restructurings

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