On 4 April 2017, the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017 and the Diverted Profits Tax Bill 2017 received royal assent as Act No. 27 and Act No. 21 of 2017 respectively. The first bill contains measures for the new Diverted Profits Tax (DPT), the increased penalties for Significant Global Entities, and the latest OECD transfer pricing guidelines, while the second bill sets the DPT rate ({News-2017-03-29/A/2- previous coverage}). The measures generally appl…