Australian Transfer Pricing Alert:

Australian Diverted Profits Tax & Penalties Bill passed

05 April 2017

Zara Ritchie , National Leader, Transfer Pricing Services |

The Federal Parliament has passed legislation to implement the Diverted Profits Tax and to introduce a new penalty regime for Significant Global Entities (SGEs). These measures increase the tax and transfer pricing compliance risk for multinational companies (MNEs) in Australia who are SGEs and engage in cross border transactions.