The Australian Treasury has launched a public consultation on Petroleum Resource Rent Tax transfer pricing regulations. The deadline for comments is 12 April 2024.
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Petroleum Resource Rent Tax Regulations – 2024 remake
In the 2023 24 Budget, the government announced the measure 'Petroleum Resource Rent Tax – Government Response to the Review of the Petroleum Resource Rent Tax (PRRT) Gas Transfer Pricing arrangements'.
This measure included a commitment to remake the Petroleum Resourc…