OrbitaxAustralian Parliament Passes Legislation for Diverted Profits Tax, Increased Penalties for SGEs, and Latest OECD Transfer Pricing Guidance
|Approved Changes|Australia
On 27 March 2017, the Australian Senate passed two pieces of BEPS-related legislation after being passed in the House of Representatives:
- The Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017 (TLA Bill); and
- The Diverted Profits Tax Bill 2017 (DPT Bill).
Most of the measures are included in the TLA Bill, while the specific rate of the Diverted Profits Tax is include…