The Australian Taxation Office (ATO) has published Practical Compliance Guideline (PCG) 2020/1 Transfer pricing issues related to projects involving the use in Australian waters of non-resident owned mobile offshore drilling units - ATO compliance approach. The Guideline was issued on 19 February 2020 and applies both before and after its issue.
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What this Guideline is about
1. This Guideline sets out the ATO's compliance approach to transfer pricing issues for projects involving the …