Australia: Transfer pricing recordkeeping rules

Australia: Transfer pricing recordkeeping rules

Guidance from the Australian Taxation Office (ATO) outlines the tax authorities’ views on the application of transfer pricing recordkeeping provisions.

Related content

The ATO guidance was finalized in December 2014 and generally is aligned with the perception of increased transfer pricing expectations that multinational companies are facing globally.

Taxpayers that rely on global documents that are prepared in accordance to the Organisation for Economic Co-operation and Development (OECD) standard need to consider whether their Australian documentation requirements are fully addressed. Taxpayers will also want to continue to monitor their transfer pricing arrangements and ongoing eligibility for the documentation concession each year.


Read a February 2015 report prepared by the KPMG member firm in Australia: Transfer Pricing: ATO’s views on record keeping

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.