{"id":1199,"date":"2011-11-04T10:53:22","date_gmt":"2011-11-04T10:53:22","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=1199"},"modified":"2011-11-04T10:53:22","modified_gmt":"2011-11-04T10:53:22","slug":"review-of-transfer-pricing-rules-consultation-paper-australia","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/review-of-transfer-pricing-rules-consultation-paper-australia\/","title":{"rendered":"Transfer Pricing Rules Revision: Consultation Paper"},"content":{"rendered":"<p>The Australian Tax Office has issued a Consultation Paper to discuss proposed changes to the Transfer Pricing Rules. Broadly, the changes are intended to align the law to the &#8220;<em>Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations<\/em>&#8221; issued by OECD in 2010 and other international law. <\/p>\n<p><strong>From an Indian law perspective, the issues discussed in the Consultation Paper will have important bearing because <em>similar issues arise in the Indian law<\/em> as well<\/strong>. Broadly, the Consultation Paper deals in detail with the following issues:<\/p>\n<p>(i) Determining the profits of permanent establishments by the profit allocation rules based on the OECD Model Tax Convention on Income and on Capital. Should this be changed to a functionally separate entity approach?<\/p>\n<p>(ii) Issues relating to self-assessment of transfer pricing and its implications for record keeping, documentation, and time limits for amendments;<\/p>\n<p>(iii) Whether the OECD Model Commentaries should be extended beyond transfer pricing to enable the Commentaries to be taken into account in interpreting and applying other treaty articles?<\/p>\n<div class=\"journal2\">\n<p><img decoding=\"async\" src=\"https:\/\/itatonline.org\/info\/wp-content\/plugins\/wp-downloadmanager\/images\/ext\/pdf.gif\" alt=\"\" title=\"\" style=\"vertical-align: middle;\" \/>&nbsp;&nbsp;<strong><a href=\"https:\/\/itatonline.org\/info\/download\/Australia_Review_of_transfer_pricing_rules_CP.pdf\">Transfer Pricing Rules Revision: Consultancy Paper<\/a><\/strong> (228.8 KiB, 1,482 hits)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Tax Office has issued a Consultation Paper to discuss proposed changes to the Transfer Pricing Rules. Broadly, the changes are intended to align the law to the &#8220;<em>Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations<\/em>&#8221; issued by OECD in 2010 and other international law. <strong>From an Indian law perspective, the issues discussed in the Consultation Paper will have important bearing because <em>similar issues arise in the Indian law<\/em> as well<\/strong>.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/review-of-transfer-pricing-rules-consultation-paper-australia\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-1199","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/1199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=1199"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/1199\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=1199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=1199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=1199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}