The Australian Treasury Published Submission From DPT Consultation

The Australian Treasury published 21 submissions received on the exposure draft legislation for a Diverted Profits Tax (DPT), which was launched by the Australian Government on November 29.

Background: DPT

The DPT aims to ensure that the tax paid by significant global entities properly reflects the economic substance of their activities in Australia.  It targets contrived arrangements resulting in tax evasion and allows collection of information for the timely resolution of tax disputes. The DPT will impose a penalty rate of tax and require that tax to be paid irrespective of whether the assessment is the subject of an unresolved dispute.

Submissions by Multinationals

Treasury received 21 submissions in response to this consultation. Two submissions were not published by the Australian Treasury, as they were confidential. The ATO expects that multinationals will engage early on with the ATO and would continue to be monitored by the ATO in the event of a restructure undertaken to be compliant under the DPT.

Proposal Diverted Profits Tax Bill 2017

On February 9, the Australian Government introduced a Proposal Diverted Profits Tax Bill 2017. This measure will apply in relation to tax benefits for the income year that starts on or after July 1, 2017.

Sources: Australian Government- submissions, TPA - Australia DPT 2017, Australian Government - DPT Exposure Draft
 

 

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.

Introduction

下载手册

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
E: info@tpa-global.com
I: www.tpa-global.com