Australia: Updated practice compliance guideline on simplified transfer pricing record-keeping options, new safe harbor
New interest rate for both options during the 2023–2024 income year will be 5.81%
New interest rate for both options during the 2023–2024 income year will be 5.81%
The Australian Taxation Office (ATO) issued an updated practice compliance guideline on simplified transfer pricing record-keeping options (PCG 2017/2), which provides the safe harbor interest rate for the 2023–2024 income year in respect of inbound and outbound loan options.
The new interest rate for both options during the 2023–2024 income year will be 5.81%.
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