Paul Sutton talks to Filippo Miotto, Transfer Pricing Director at BDO Australia, about the transfer pricing aspects of intangibles, particularly in the light of the ATO’s recently updated draft Practical Compliance Guidelines.
Paul and Filippo discuss a range of issues around the draft Practical Compliance Guidelines (PCG) issued by the Australian Taxation Office, including:
- Why intangibles tend to attract attention from tax authorities
- The context for the new PCG, and the ATO’s approach
- The structure, content and aims of the PCG
- The self-assessment reporting process, and the situations in which this is mandatory
- Examples of the types of arrangements that are likely to attract more scrutiny
- What sorts of evidence taxpayers may need in order to support their TP arrangements
- How other tax authorities’ requirements may develop in the near future
- Australia’s new Multinational Tax Integrity regime
- Key takeaways for groups and their advisers.
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