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2020 National Transfer Pricing Online: Part 5 - What is the ATO thinking about/doing re: transfer pricing and COVID-19

Tuesday, 22 September 2020 - 1:00 PM to
2:00 PM

Registration Time:

Member Price: $75.00

Non Member Price: $95.00

CPD hours:1.00

Part 5: What is the ATO thinking about/doing re: transfer pricing and COVID-19

COVID-19 impacts every business and industry in some way. Whether that be supply chain, work force, cash or overall profitability, businesses need to respond to the commercial effects of COVID-19 in both the short term and longer term. Businesses may need to respond quickly and with little financial wizardry about what the future may hold; so will these responses withstand the test of time and, importantly, ATO scrutiny from a transfer pricing perspective?

This session will address what the ATO is thinking and doing in response to the effects of COVID-19 on transfer pricing arrangements and will commence with an outline of their approach to compliance for MNEs in these uncertain times. The ATO will discuss their expectations when reviewing transfer pricing arrangements affected by COVID-19 and will also address the frequently asked questions and concerns raised by corporate Australia.

Following the ATO presentation, the panel will share practical insights and address a series of short and long term issues and concerns for MNEs, for example, dealing with losses, specific intercompany charges (eg royalties, funding, provision of services and distribution arrangements), analysis and documentation expectations, benchmarking, transfer pricing adjustments, interaction with stimulus measures and other hot topics.

Participants will have the opportunity to ask questions and enjoy and interactive panel forum.