The Australian Taxation Office has published an updated version of draft Practical Compliance Guideline (PCG) 2018/D3, Income tax: central management and control test of residency: identifying where a company's central management and control is located. The draft Guideline contains practical guidance to assist foreign incorporated companies and their advisors to apply the principles set out in Tax Ruling (TR) 2018/5 Income tax: central management and control test of residency, which was issu…