COVID-19 impacts on transfer pricing – 23 June 2020 has been saved
COVID-19 impacts on transfer pricing – 23 June 2020
On 19 June 2020, the ATO released two pieces of guidance on transfer pricing aspects of COVID-19;
i. How taxpayers should take into account “COVID-19 economic impacts on transfer pricing arrangements”
ii. Concerns the ATO has on ”Changing related party agreements” in the COVID-19 environment.
The ATO guidance is timely and provides an insight into how the ATO expects taxpayers to analyse and document the adverse impacts of COVID-19 for transfer pricing purposes.