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  • Draft Practical Compliance Guideline 2017/4DC2

    We are now consulting on Draft Schedule 3 of PCG  2017/4DC2 ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions.

    If you have cross border interest-free loan arrangements with related parties, we encourage you to review PCG 2017/4DC2 and provide your feedback to us by 14 October 2020.

    The draft outlines:

    • practical guidance as to our compliance approach and when we will dedicate resources to review arrangements involving outbound interest-free loans between cross border related parties
    • how to self-assess and calculate your risk rating
    • evidence required to substantiate your self-assessment against the risk factors
    • how to go about calculating a risk zone using four practical examples.

    If you are concerned about how this may affect your circumstances, you should speak to your tax adviser.

    See also:

    • Open consultation – for key matters we are currently considering providing advice and guidance for.
    Last modified: 18 Aug 2020QC 63435