Expatriate Tax Alert - January 2013

January 2013

On November 22, 2012, the Australian Government released for consultation an exposure draft law of proposed amendments to reform Australia’s transfer pricing rules. The proposed amendments will modernize Australia’s transfer pricing regime, aligning Australia’s domestic law with international best practice and improving the integrity and efficiency of the Australian tax system. The reforms will ensure that Australia’s domestic laws better align with the internationally consistent transfer pricing approaches set forth by the Organization for Economic Cooperation and Development Guidelines (“the OECD Guidelines”).