ATO Issues Notice on Changing Related Party Arrangements for Tax Advantages in the COVID-19 Environment

The Australian Taxation Office has issued a notice regarding changes in related party arrangements for tax advantages in the COVID-19 environment.

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Changing related party agreements

We have published COVID-19 economic impacts on transfer pricing arrangements. It outlines the evidence and analysis you should maintain to support your transfer pricing positions, including where you have applied (or are applying) for an Advance Pricing Arrangement.

The economic effects of COVID-19 has p…