On 22 February 2017, the Australian Taxation Office published a practical compliance guideline on the simplified transfer pricing record keeping options that are meant to reduce the administrative burden for eligible businesses (PCG 2017/2). The eight simplification options and their availability are as follows:
- Small taxpayers - available from 1 July 2013;
- Distributors - available from 1 July 2013;
- Intra-group services - available from 1 July 2013;
- Low-level inbound loans - available from 1…