Australian transfer pricing in a BEPS world paper

Published on 17 Oct 13 by QUEENSLAND DIVISION, THE TAX INSTITUTE

Over the last twelve months a number of transfer pricing reforms have been legislated in Australia with prospective and retrospective impact. The aim of these reforms is to better align our laws with OECD international standards. They are also aimed at ensuring MNC’s pay an appropriate amount of tax in Australia and will feature in the Australian Government’s response to BEPS.

This paper covers:

• overview of the new transfer pricing legislation
• transactions and structures most impacted
• increased disclosure and transparency
• TP within a BEPs world – the next 12 months
• implications for corporate governance and dispute resolution.

Author profiles

Benjamin Lannan ATI

Ben is a Partner in PwC's Transfer Pricing practice, based in Brisbane and a member of PwC's Global Transfer Pricing network. Ben has over 16 years experience in transfer pricing, assisting a range of clients to develop and implement defendable transfer pricing strategies. Ben regularly speaks on transfer pricing at events. Ben has a Bachelor of Economics from Monash University and is a member of the Institute of Chartered Accountants. - Current at 30 August 2017

More by Ben LANNAN

• Alternative assets insights: Stapled groups and the new arm’s length income rule - 01-December-2015
• The transfer pricing “reconstruction” provisions: Recharacterising, repricing or reimagining paper - 27-August-2015

Click here to expand/collapse more articles by Ben LANNAN.

Dritton Xhemajlaj

Dritton is a Senior Manager in PwC's Australian transfer pricing practice with eight years of dedicated transfer pricing experience. He is the national leader for the financial transactions practice of PwC's transfer pricing division. Dritton has significant experience and interest in transfer pricing controversy and litigation. During his time in the PwC transfer pricing team, Dritton spent over a year based out of PwC's Sydney office and a circa 12-month secondment in-house with BHP Billiton in Melbourne assisting them with their transfer pricing function. He continues to be the lead manager on a number of PwC's national transfer pricing accounts. - Current at 31 August 2017

More by Dritton XHEMAJLAJ

• Financing - An overview and recent changes paper - 24-August-2017
• The transfer pricing “reconstruction” provisions: Recharacterising, repricing or reimagining paper - 27-August-2015
• Reconstruction under the new transfer pricing law - 01-March-2014

Click here to expand/collapse more articles by Dritton XHEMAJLAJ.