Australian Taxation Office issues second draft of compliance guidelines on intangibles arrangements

25 May 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Australia

The Australian Taxation Office has issued a second draft of "Practical Compliance Guideline PCG 2023/D2: Intangibles arrangements," which outlines the Australian Taxation Office's compliance approach in respect of intangibles arrangements.
PCG 2023/D2 includes a point-scoring system that assigns an overall risk rating to taxpayers' arrangements.
The risk-assessment framework focuses on the migration of intangible assets and mischaracterisation of activities relating to development, enhancement, ma…

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