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ATO guidance on outbound interest-free loans between related parties

The Australian Taxation Office (ATO) released Draft Schedule 3 (the Draft Schedule) to Practical Compliance Guideline (PCG) 2017/4 (the Guideline) on 12 August 2020, outlining how the transfer pricing risk associated with outbound interest-free loans between related parties will be assessed. This is a follow-up step taken by the ATO since the release of Schedule […]