Australian reportable tax position may need APA support
May 26, 2011
The draft reportable tax position (RTP) schedule, effective July 1 2011, will require some corporate taxpayers to disclose information regarding reportable tax positions as a supplement to their annual income tax return, bringing more uncertainty for transfer pricing arrangements.
The schedule will only apply to higher risk or large business taxpayers. The ATO will use the schedule to identify and understand tax risk for large businesses.
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