ATO Publishes Simplified TP Record Keeping Options

On February 22, the Australian Taxation Office (ATO) released Practical Compliance Guideline outlining simplified transfer pricing record-keeping options intended to minimize the record-keeping for eligible taxpayers.

Purpose of the Guidelines

By releasing the new guidance, ATO aims to reduce the record-keeping requirements and to assist taxpayers in complying with relevant tax laws. As a result, the guidelines aim to decrease the compliance costs and compliance burden for multinationals. Offering an administrative safe harbor also allows ATO to better manage risks associated with international related party dealings by directing resources to transactions and activities that we deem to be higher risk.


The options contained in the guideline reflect the types of transactions or activities ATO believes are low risk in the context of international related party dealings. The guideline specifies the criteria for multinationals to self-assess their eligibility to use one or more of the eight simplification options.

There are eight simplified transfer pricing record keeping options available:

  • small taxpayers,
  • intra-group services,
  • low-level inbound loans,
  • management and administration services,
  • technical services, and
  • low-level outbound loans.

The guidelines are published in the Practical Compliance Guideline (PCG) online guide. 

Source: ATO

We Provide Solutions - Let's Talk Business!

TPA Global Solutions Pack

“One-Stop” Outbound Investment Service to Europe

With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.



Download Leaflet

CFO's Journey from 'Staying Out Of Trouble' to being 'Fully In Control'

TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):

Roadmap for CFO's

Webinars and Events

What the Boardroom needs to know about Tax today
Webinar - Thursday, May 31, 2018 | 4:00 PM - 5:00 PM (CET)

 How to run VCA in 2018? - 3 Practical Case Studies
Webinar - Thursday, June 7, 2018 | 4:00 PM - 5:00 PM (CET)

How Much Automation Of Tax Flows Is Possible?
Webinar - Thursday, June 28, 2018 | 4:00 PM - 5:00 PM (CET)

Global Tax Controversy - Workshop for Corporates
Global Event - Thursday, June 21, 2018 | 9:00 AM - 6:00 PM (CET)

Copyright © 2018
Transfer Pricing Associates BV.
All rights reserved.

H.J.E. Wenckebachweg 210
1096 AS Amsterdam
T: +31 20 462 3530