Diverted profits tax: where are we now? - 27 September 2018


Diverted profits tax: where are we now? - 27 September 2018

Tax insights

The ATO has released updated, finalised guidance in respect of the Diverted profits tax (DPT).

On 26 September 2018, the ATO issued finalised guidance, being:

  • Practical Compliance Guideline PCG 2018/5: Diverted profits tax. The PCG sets out a practical administration approach from the ATO to assist taxpayers in complying with the law; and
  • Law Companion Ruling LCR 2018/6: Diverted profits tax. This ruling describes how the Commissioner will apply the law to entities that rely on the LCR in good faith.

The ATO also issued a compendium supporting both documents addressing some of the issues raised during consultation and the ATO responses.

Diverted profits tax: where are we now? - 27 September 2018
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