ATO guidance on non-resident owned mobile offshore drilling

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ATO guidance on non-resident owned mobile offshore drilling units in Australian water – 26 September 2019

Tax insights

On 26 September 2019, the Australia Taxation Office (ATO) released a draft Practical Compliance Guideline (PCG 2019/D5) on its compliance approach for offshore drilling and associated activities. Specifically, this guideline relates to ‘transfer pricing issues involving the use in Australian waters of non-resident owned mobile offshore drilling units (MODUs)’. When finalised, this draft guideline is proposed to apply both before and after its issue.

ATO guidance on non-resident owned mobile offshore drilling units in Australian water – 26 September 2019
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