Draft legislation on Country-by-Country and transfer pricing documentation

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Draft legislation on Country-by-Country and transfer pricing documentation

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In Australia’s May 2015 ‘BEPS Budget’, the Treasurer committed Australia to action on several key BEPS initiatives.  Following on from the Budget announcements, the Treasury released exposure draft (ED) legislation on 6 August 2015 which will give effect to the OECD standards under Action 13 on Country-by-Country (‘CbC’) reporting as well as the transfer pricing (master file / local file) documentation.

Draft legislation on Country-by-Country and transfer pricing documentation
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