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  • Detailed design

    We have developed a local file / master file XML schema (LCMSF) and associated validation rules to enable reporting entities to submit their local file / master file to the ATO.

    The design of the LCMSF allows for the local file's three components and the master file to be submitted independently of each other. The LCMSF also contains a Country-by-Country (CbC) report notification section to allow reporting entities to provide details of their global parent entity or surrogate parent entity for us to anticipate exchange from the relevant foreign jurisdictions. However, entities lodging the CbC report directly with us must lodge the CbC report separately in accordance with the OECD XML schema and User GuideExternal Link.

    The 2018 LCMSF comprises the following sections:

    You should also refer to the Appendixes for various relevant codes used for reporting as part of the lodgment.

    On this page:

    Electronic lodgment

    How to lodge

    CbC statements (the CbC report, master file and local file) must be lodged via one of the following ATO approved channels:

    CbC statements must be submitted via the above channels using a validly generated XML file, otherwise the lodgment will not be considered valid. This XML file is generated by your business management software (that is tax reporting / accounting software) using the ATO provided XML schema. Additionally, the XML file must adhere to our validation rules and other technical requirements.

    You may need to make enquires with your software provider as to whether they support lodging CbC reporting statements to the ATO.

    If the valid lodgments are not received by the due date, increased failure to lodge penalties may be imposed. You may request a deferral by emailing CbCReporting@ato.gov.au if you have difficulty in meeting the due date.

    For more information on electronic lodgment, visit our Online services page.

    For more information on the XML schema, validation rules and other technical documentation, visit our Significant Global Entity ObligationExternal Links (SGEO) page on the SBR websiteExternal Link and the CbC software developersExternal Link site.

    Amendments

    The LCMSF does not support delta amendments. When making an amendment to a previously lodged statement (or part thereof), please ensure that all the data related to that statement (or part thereof) is resubmitted along with the corrected data.

    Cancelling Lodgments

    If you would like to cancel a lodgment that has been submitted, please email the CbC Reporting Team.

    Attachments

    No particular attachment naming convention is enforced, with the exception that:

    • filenames must be unique
    • cannot exceed 255 characters
    • cannot contain the following illegal characters: <, >, :, ", /, \, |, ?, *.
    • filenames are not case sensitive

    There is a maximum of 500 attachments per lodgment, where the size of any single attachment cannot exceed 20Mb. All attachments embedded in the XML file must also be referenced at the appropriate LCMSF element depending on the type of attachment.

    Table 3 outlines the types of attachments that are accepted. Multiple attachments can be embedded for each type:

    Table 3: Supported attachment types

    Attachment Code

    Attachment Type

    MSTR

    Master File

    LFSF

    Local File – Short Form

    LFBPI

    IRP Agreement

    LFPBA

    APA

    LFBBR

    Ruling

    LFPBF

    Financial Statements

    Table 4 lists the supported attachment formats that can be embedded within the XML file (using BASE64 encoding). Attachments cannot contain active content, i.e. macros, JavaScript, etc.

    Table 4: Supported attachment formats

    File Extension

    File type

    DOC

    Microsoft Word Binary File Format

    DOCX

    Office Open XML

    XLS

    Excel Binary File Format

    XLSX

    Office Open XML

    PDF

    Portable Document Format

    ODT

    OpenDocument Text

    ODS

    OpenDocument Spreadsheet

    Message structure table

    The following tables provide an overview of the 2018 LCMSF. The question IDs relate to the associated elements provided in the message structure tableExternal Link (MST) provided to digital service providers.

    Reporting Party Information

    Table 5: Statement information

    Question

    Question ID

    Valid values

    Comments

    Amendment

    LCMSF1

    True/False

    Mandatory question

    Indicates whether this lodgment is an amendment to a previous lodgment

    Amended lodgments do not include those lodgments where additional statements (or parts thereof) are being lodged for the first time

    The Reporting Entity Declaration is required if the statement is submitted by the reporting entity (that is the intermediary details have not been provided).

    Table 6: Reporting entity declaration

    Question

    Question ID

    Valid values

    Comments

    Reporting Entity declaration statement accepted indicator

    LCMSF55

    True/False

    I declare that the information transmitted in this report is to my knowledge true and correct and that I am authorised to make this declaration.

    Reporting Entity declaration signature date

    LCMSF56

    YYYY–MM–DD

    The actual date on which the declaration is signed by the reporting entity

    Reporting Entity declaration signatory identifier

    LCMSF57

    A user login, a full name or an email address

    Maximum of 200 characters

    Table 7: Reporting Period

    Question

    Question ID

    Valid values

    Comments

    Reporting period start date

    LCMSF142

    YYYY–MM–DD

    Mandatory question

    The start date of the tax year of the reporting entity

    Reporting period end date

    LCMSF143

    YYYY–MM–DD

    Mandatory question

    The end date of the tax year of the reporting entity

    Entity information

    Reporting entity information
    Table 8: Reporting entity information

    Question

    Question ID

    Valid values

    Comments

    Reporting entity ABN

    LCMSF7

    ABN

    A valid TFN

    Reporting entity TFN

    LCMSF65

    TFN

    A valid ABN

    Reporting entity name

    LCMSF8

    Legal name of the entity

    Mandatory question

    Maximum of 200 characters

    Reporting entity email

    LCMSF21

    Email address

    Mandatory question

    Maximum of 200 characters

    Must be a valid email address

    Reporting entity phone

    LCMSF22

    Mobile or landline

    Mandatory question

    Maximum of 16 characters

    Is the reporting entity the head entity of a tax consolidated group?

    LCMSF15

    True/False

    Mandatory question

    Is the reporting entity the provisional head entity of a Multiple entry consolidated (MEC) group?

    LCMSF16

    True/False

    Mandatory question

    Is the reporting entity an Offshore banking unit (OBU)?

    LCMSF61

    True/False

    Mandatory question

    Global parent entity information
    Table 9: Global parent entity information

    Question

    Question ID

    Valid values

    Comments

    Is the Reporting Entity the Global Parent Entity?

    LCMSF66

    True/False

    Mandatory question

    If True, go to Master File section

    If False, go to LCMSF11

    Global Parent Entity name

    LCMSF11

    Legal name of the entity

    Must be provided if LCMSF66 is False

    Maximum of 200 characters

    Global Parent Entity tax jurisdiction

    LCMSF12

    Country codeExternal Link

    Must be provided if LCMSF66 is False

    Global Parent Entity ABN

    LCMSF9

    ABN

    If LCMSF12 is "AU" (Australia), either a valid ABN or TFN is required

    Global Parent Entity TFN

    LCMSF10

    TFN

    If LCMSF12 is "AU" (Australia), either a valid ABN or TFN is required

    Global Parent Entity TIN

    LCMSF194

    TIN

    If LCMSF12 is not "AU" (Australia), a TIN is required

    Master file

    Table 10: Master file lodgment criteria

    Question

    Question ID

    Valid values

    Comments

    Does this submission include details regarding your master file?

    LCMSF138

    True/False

    Mandatory question

    If False, go to CbC report section

    If True, go to LCMSF81

    Has the Commissioner, by notice in writing, exempted you from providing the master file for this reporting period?

    LCMSF81

    True/False

    If True, go to CbC report section

    If False, go to LCMSF121

    Have you been granted a replacement reporting period for the master file?

    LCMSF121

    True/False

    If True, replacement reporting period dates must be provided

    If False, go to LCMSF196

    Replacement reporting period start date

    LCMSF122

    YYYY–MM–DD

    The start date of the replacement reporting period

    Replacement reporting period end date

    LCMSF123

    YYYY–MM–DD

    The end date of the replacement reporting period

    How is the master file for your global group being lodged?

    LCMSF196

    1, 2

    1 = Lodgment to the ATO via the Reporting Entity

    2 = Lodgment to the ATO via another entity

    Is your lodgment of the master file also on behalf of other entities forming part of your global accounting group (outside your tax consolidated group)?

    LCMSF76

    True/False

    Required if LCMSF196 = 1

    If True, LCMSF77 or LCMSF78 must be provided

    ABN(s) of the entities

    LCMSF77

    ABN

    Either valid ABNs or TFNs must be provided

    TFN(s) of the entities

    LCMSF78

    TFN

    Either valid ABNs or TFNs must be provided

    Please confirm that you have attached the master file

    LCMSF124

    True/False

    Required if LCMSF196 = 1 and must be True

    The master file should meet the information requirements as outlined in Annex I of the OECD GuidanceExternal Link

    Filename(s) for the Master File

    LCMSF197

    Filename including extension

    Required if LCMSF196 = 1 and at least one filename must be provided

    See Attachments

    ABN of the entity

    LCMSF19

    ABN

    Applicable if LCMSF196 = 2

    Either a valid ABN or TFN is required

    TFN of the entity

    LCMSF20

    TFN

    Applicable if LCMSF196 = 2

    Either a valid ABN or TFN is required

    CbC report notification

    A CbC report notification may be submitted with a master file or local file or as a stand-alone lodgment.

    Table 11: CbC report - notification

    Question

    Question ID

    Valid values

    Comments

    Does this submission include details regarding your CbC report?

    LCMSF139

    True/False

    Mandatory question

    If False, go to Local file section

    If True, go to LCMSF69

    Has the Commissioner, by notice in writing, exempted you from providing the CbC report for this reporting period?

    LCMSF69

    True/False

    If True, go to Local file section

    If False, go to LCMSF125

    Have you been granted a replacement reporting period for the CbC report?

    LCMSF125

    True/False

    If True, replacement reporting period dates must be provided

    If False, go to LCMSF114

    Replacement reporting period start date

    LCMSF126

    YYYY–MM–DD

    The start date of the replacement reporting period

    Replacement reporting period end date

    LCMSF127

    YYYY–MM–DD

    The end date of the replacement reporting period

    Are the details you are submitting regarding the CbC report also on behalf of other entities forming part of your global accounting group but outside your tax consolidated group?

    LCMSF114

    True/False

    If True, a valid ABN or TFN must be provided

    If False, go to LCMSF199

    ABN(s) of the entities

    LCMSF115

    ABN

    Either valid ABNs or TFNs must be provided

    TFN(s) of the entities

    LCMSF116

    TFN

    Either valid ABNs or TFNs must be provided

    How is the CbC report for your global group being lodged?

    LCMSF199

    1, 2, or 3

    1 = Lodgment to the ATO via the Reporting Entity

    2 = Lodgment to the ATO via another entity

    3 = Lodgment via an overseas jurisdiction

    Are you filing the CbC report as a surrogate parent entity with the filing intended to meet a CbC reporting obligation in other jurisdictions?

    LCMSF140

    True/False

    Required if LCMSF199 = 1

    ABN of the entity

    LCMSF72

    ABN

    Applicable if LCMSF199 = 2

    Either a valid ABN or TFN must be provided

    TFN of the entity

    LCMSF73

    TFN

    Applicable if LCMSF199 = 2

    Either a valid ABN or TFN must be provided

    Foreign Entity Name

    LCMSF71

    Legal Name of Entity

    Required if LCMSF199 = 3

    Foreign Entity TIN

    LCMSF201

    TIN

    Required if LCMSF199 = 3

    Foreign Entity Tax Jurisdiction

    LCMSF74

    Country codeExternal Link

    Required if LCMSF199 = 3

    Local file

    Table 12: Local file

    Question

    Question ID

    Valid values

    Comments

    Does this submission include details regarding your local file?

    LCMSF137

    True/False

    Mandatory question

    If False, go to Intermediary section

    If True, go to LCMSF117

    Has the Commissioner, by notice in writing, exempted you from providing the local file for this reporting period?

    LCMSF117

    True/False

    If True, go to Intermediary section

    If False, go to LCMSF119

    Which parts of the local file are you lodging in this submission?

    LCMSF119

    Local file – short form, Local file – Part A, Local file – Part B

    Required if LCMSF137 is True and LCMSF117 is False

    At least one value must be provided

    Is your lodgment of the Local File - Part A being made as part of the ‘Administrative Solution’?

    LCMSF68

    True/False

    Must be provided if LCMSF119 = Local File - Part A

    Administrative solution

    Have you been granted a replacement reporting period for the local file?

    LCMSF120

    True/False

    If True, replacement reporting period dates must be provided

    Replacement reporting period start date

    LCMSF13

    YYYY–MM–DD

    The start date of the replacement reporting period

    Replacement reporting period end date

    LCMSF14

    YYYY–MM–DD

    The end date of the replacement reporting period

    Local file – short form

    This section must be completed if you have selected that you will be providing the local file – short form as part of this submission at LCMSF119.

    Table 13: Local file – short form

    Question

    Question ID

    Valid values

    Comments

    Did you engage in IRP transactions or dealings listed on the short form exceptions list for the reporting period?

    LCMSF27

    True/False

    Mandatory question

    Did you have less than $2m in aggregate IRPDs for the reporting period?

    LCMSF28

    True/False

    Mandatory question

    What is an IRP and IRPD?

    Did you meet the criteria for the Small taxpayers STPRK option for the reporting period?

    LCMSF29

    True/False

    Mandatory question

    Small taxpayers STPRK option

    Did you meet the criteria for the Materiality STPRK option for the reporting period?

    LCMSF30

    True/False

    Mandatory question

    Materiality STPRK option

    Please confirm that you have attached the Local File - Short Form

    LCMSF82

    True/False

    Mandatory question

    Must be True

    Filename(s) for the Short Form

    LCMSF204

    Filename including extension

    Mandatory question

    At least one filename must be provided

    See Attachments

    Local file – Part A

    This section must be completed if you have selected that you will be providing the local file – Part A as part of this submission at LCMSF119.

    Table 14: Local file – Part A

    Question

    Question ID

    Valid values

    Comments

    Transaction Identifier 

    LCMSF31

    Number

    Mandatory question

    Incrementing number for each transaction that is used to link Part A and Part B

    Related Transaction Identifier(s) 

    LCMSF206

    Number

     See here.

    Transaction type 

    LCMSF32

    Transaction category

    Mandatory question

    See Appendix B

    Is this transaction part of a Relevant Agreement Series (RAS)? 

    LCMSF33

    True/False

    Mandatory question

    See Local file – Part B: Guidance on providing International Related Party agreements

    How many transactions are part of the RAS? 

    LCMSF35

    Low / Moderate / High

    Required if LCMSF33 = True

    Low = 1–5
    Moderate = 6–50
    High = 51 or more

    Australian counterparty name 

    LCMSF207

    Legal Name of the Entity

    Mandatory question

    Maximum of 200 characters

    Australian counterparty ABN 

    LCMSF83

    ABN

    Either a valid ABN or TFN is required

    Australian counterparty TFN 

    LCMSF84

    TFN

    Either a valid ABN or TFN is required

    Non-resident counterparty name 

    LCMSF37

    Legal name of the entity

    Mandatory question

    Maximum of 200 characters

    Non-resident counterparty tax jurisdiction 

    LCMSF38

    Country codeExternal Link

    Mandatory question

    Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence? 

    LCMSF208

    True/False

    Mandatory question

    Country of permanent establishment of non-resident counterparty 

    LCMSF209

    Country codeExternal Link

    Required if LCMSF208 is True

    Amount of consideration paid (of a capital nature for income tax purposes) for the transaction 

    LCMSF39

    $XX,XXX,XXX,XXX

    Mandatory question

    Amount of consideration received (of a capital nature for income tax purposes) for the transaction 

    LCMSF40

    $XX,XXX,XXX,XXX

    Mandatory question

    Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction? 

    LCMSF85

    True/False

    Mandatory question

    Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction? 

    LCMSF86

    True/False

    Mandatory question

    Amount of expenditure (not of a capital nature for income tax purposes) for the transaction 

    LCMSF41

    $XX,XXX,XXX,XXX

    Mandatory question

    Amount of revenue (not of a capital nature for income tax purposes) for the transaction 

    LCMSF42

    $XX,XXX,XXX,XXX

    Mandatory question

    Average balance of debt interests held 

    LCMSF210

    $XX,XXX,XXX,XXX

    Applicable only if Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Mandatory if LCMSF211 is provided

    Must not be provided if LCMSF212 and LCMSF213 is present

    Capitalised interest deducted 

    LCMSF211

    $XX,XXX,XXX,XXX

    Applicable only if Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Mandatory if LCMSF210 is provided

    Must not be provided if LCMSF212 and LCMSF213 is present

    Average balance of debt interests issued 

    LCMSF212

    $XX,XXX,XXX,XXX

    Applicable only if Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Mandatory if LCMSF213 is provided

    Must not be provided if LCMSF210 and LCMSF211 is present

    Capitalised interest returned 

    LCMSF213

    $XX,XXX,XXX,XXX

    Applicable only if Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Mandatory if LCMSF212 is provided

    Must not be provided if LCMSF210 and LCMSF211 is present

    Book values 

    LCMSF214

    $XX,XXX,XXX,XXX

    Mandatory if Transaction Category is IDF, ODF, IDSEC or ODSEC

    Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction 

    LCMSF44

    True/False

    Mandatory question

    Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction 

    LCMSF45

    True/False

    Mandatory question

    Did you enter into a deferred foreign currency payment arrangement in relation to this transaction 

    LCMSF215

    True/False

    See FX Guidance for Year 2

    Applicable only if Transaction Category is TPRN, TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, OS, RRP, HLPE or SBER

    Foreign Currency Reporting Type 

    LCMSF216

    1, 2

    Required if LCMSF215 is True

    1 = Regular / short term foreign currency deferred payment arrangements

    2 = Irregular or longer term foreign currency deferred payment arrangements

    Foreign Currency Code 

    LCMSF217

    Currency CodesExternal Link

    Required if LCMSF216 is 1

    Amount of foreign exchange losses deducted for the transaction 

    LCMSF87

    $XX,XXX,XXX,XXX

    Applicable if LCMSF215 is False, or Blank, or for Transaction Categories FCDSTTS, FCDPTTS, FCDAPS, FCDAAS, FCDRRP, FCDRRPI, FCDHLP, FCDHLPE, FCDSBER or FCDSBERI

    Required if LCMSF219 is provided

    Foreign Currency Code 

    LCMSF219

    Currency CodesExternal Link

    Applicable if LCMSF215 is False, or Blank, or for Transaction Categories FCDSTTS, FCDPTTS, FCDAPS, FCDAAS, FCDRRP, FCDRRPI, FCDHLP, FCDHLPE, FCDSBER or FCDSBERI

    Required if LCMSF87 is provided

    Amount of foreign exchange gains returned for the transaction 

    LCMSF43

    $XX,XXX,XXX,XXX

    Applicable if LCMSF215 is False, or Blank, or for Transaction Categories FCDSTTS, FCDPTTS, FCDAPS, FCDAAS, FCDRRP, FCDRRPI, FCDHLP, FCDHLPE, FCDSBER or FCDSBERI

    Required if LCMSF221 is provided

    Foreign Currency Code 

    LCMSF221

    Currency CodesExternal Link

    Applicable if LCMSF215 is False, or Blank, or for Transaction Categories FCDSTTS, FCDPTTS, FCDAPS, FCDAAS, FCDRRP, FCDRRPI, FCDHLP, FCDHLPE, FCDSBER or FCDSBERI

    Required if LCMSF43 is provided

    What transfer pricing / capital asset pricing methodology has been applied to this transaction? 

    LCMSF46

    TP method / CAP method

    Mandatory question

    See Appendix C

    What level of transfer pricing documentation has been prepared for this transaction? 

    LCMSF47

    TP Documentation / STPRK codes

    Mandatory question

    Both TP Documentation and STPRK codes can be provided for one transaction

    When the Transaction Category is TPRN, RUIP, ORSR, LF, RRP, HLPE, LHORP, SBER, CCA or ORIRPD values cannot be 10, 11, 12, 13, or 14.

    When Transaction Category is TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, or OS values cannot be 13 or 14.

    When Transaction Category is CCIRS, CSCSFFO, FFIRS, OIRD, CDS, CDCS, AS, OD, RPRT, PLEQ, OTPRTY, ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC, ASSOPR values cannot be 8, 9, 10, 11, 12, 13, or 14

    When Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI values cannot be cannot be 8, 9, 10, 11, or 12

    When Transaction Category is IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN or OFD values cannot be 8, 9, 10, 11, 12, 13, or 14

    See Appendix D

    Has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this transaction? 

    LCMSF88

    True/False

    Mandatory question

    Must be false, where the Transaction Category is TPRN, TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, OS, RUIP, ORSR, LF, RRP, HLPE, LHORP, SBER, CCA, ORIRPD, CCIRS, CSCSFFO, FFIRS, OIRD, CDS, CDCS, AS, OD, IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN, OFD, RPRT, PLEQ, OTPRTY, ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC or ASSOPR

    Has the special short term tenor rule for short term derivatives been applied to this transaction? 

    LCMSF128

    True/False

    Mandatory question

    Must be false, where the Transaction Category is TPRN, TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, OS, RUIP, ORSR, LF, RRP, HLPE, LHORP, SBER, CCA, ORIRPD, IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN, OFD, RPRT, PLEQ, OTPRTY, ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC, ASSOPR, OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Has the special short term tenor rule for FX derivatives been applied to this transaction? 

    LCMSF129

    True/False

    Mandatory question

    Must be false, where the Transaction Category is TPRN, TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, OS, RUIP, ORSR, LF, RRP, HLPE, LHORP, SBER, CCA, ORIRPD, IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN, OFD, RPRT, PLEQ, OTPRTY, ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC, ASSOPR, OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI or OKDI

    Is this transaction an OB Activity? 

    LCMSF63

    True/False

    Can only be True when LCMSF32 is True and the Transaction Category is TPRN, TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, OS, RUIP, ORSR, LF, RRP, HLPE, LHORP, CCA, ORIRPD, CCIRS, CSCSFFO, FFIRS, OIRD, CDS, CDCS, AS, OD, OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI, OKDI, IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN, or OFD

    Must be false where, Transaction Category is RPRT, PLEQ, OTPRTY, ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC, ASSOPR, or SBER

    Is this transaction covered by an exclusion list category? 

    LCMSF48

    True/False

    Mandatory question

    Must be false where, Transaction Category is RUIP, ORSR, LF, RRP, HLPE, LHORP, CCIRS, CSCSFFO, FFIRS, OIRD, CDS, CDCS, AS, OD, SBER, IDF, ODF, IDSEC, ODSEC, GILDI, GIOKL, IN, REIN, OFD, RPRT, PLEQ or OTPRTY

    What exclusion list category applies to this transaction? 

    LCMSF49

    Exclusion list category code

    Required if LCMSF48 is True

    When Transaction Category is TPRN, CCA, ORIRPD valid values are RUESA or LVLRSPT

    When Transaction Category is TRS, MAS, INSERV, REINSERV, RD, SAM, SITS, TS, LS, AM, or OS valid values are STPRKIGS, STPRKMAS, STPRKTS, RUESA or LVLRSA

    When Transaction Category is OBL, TFIN, BND, PNOT, CNTDI, CSTDI, RPSDI, OKDI, valid values are STPRKLLI or STPRKLLO

    When Transaction Category is ASIP, IOSH, AOSH, IEIOOS, AQIOS, ASSD, ASSL, ASSBC, ASSOPR, valid values are IOS

    See Appendix E

    Transaction Comments 

    LCMSF222

    Text

    Maximum of 4096 characters

    Local file – Part B

    This section is required if you have selected that you will be providing the local file – Part B as part of this submission at LCMSF119.

    For more information on providing IRP agreements in the local file – Part B see: Local file – Part B: Guidance on providing International Related Party agreements.

    Table 13: Local file – Part B

    Question

    Question ID

    Valid values

    Comments

    Transaction Identifier

    LCMSF50

    Number

    Mandatory question

    Incrementing number for each transaction that is used to link Part A and Part B

    IRP transfer pricing / capital asset methodology

    LCMSF51

    TP method / CAP method

    Mandatory question

    See Appendix C

    Is the Reporting Entity unable to obtain the transfer pricing methodology the IRP relied upon for this transaction (from the IRP)?

    LCMSF130

    True/False

    Required if LCMSF51 is 'Unknown (TP Method)' or 'Unknown (CAP Method)'

    Is there a written agreement or other relevant documentation evidencing the terms of the agreement covering this transaction (as reported in Part A)?

    LCMSF52

    True/False

    Mandatory question

    If False, go to LCMSF106

    Is the Reporting Entity unable to obtain from any of the related counterparties, the written agreement or other relevant documentation evidencing the terms of the agreement covering the transaction (as reported at Part A)?

    LCMSF64

    True/False

    Required if LCMSF52 is True

    If True, go to LCMSF106

    Other Transaction IDs covered by the agreement

    LCMSF224

    Number

    Provide the Transaction ID of other transactions (reported in Part A) that are covered by this agreement

    Has this written agreement been previously provided to the ATO?

    LCMSF53

    True/False

    Required if LCMSF52 is True and LCMSF64 is false

    If False, go to LCMSF89

    Title of the agreement previously provided to the ATO

    LCMSF54

    Title of the IRP Agreement

    Required if LCMSF53 is True

    Year agreement was previously provided to the ATO?

    LCMSF90

    YYYY

    Required if LCMSF53 is True

    Please confirm that you have attached the agreement(s) for this transaction

    LCMSF89

    True/False

    Required if LCMSF53 is False and must be True

    Filename(s) of IRP Agreement(s)

    LCMSF225

    Filename(s) of attachment(s)

    Required if LCMSF89 is True

    At least one filename must be provided

    See Attachments

    Since providing the written agreement to the ATO, has the agreement been amended?

    LCMSF91

    True/False

    Required if LCMSF53 is True

    If False, go to LCMSF106

    Have the amended agreements or agreements incorporating the amendments been provided to the ATO?

    LCMSF92

    True/False

    Required if LCMSF91 is True

    What is the title of the amendment agreements or agreement incorporating the amendments previously provided to the ATO?

    LCMSF132

    Title of the IRP Agreement (amendment)

    Required if LCMSF92 is True

    What is the year in which the amendment agreements or agreements incorporating the amendments was previously provided to the ATO?

    LCMSF133

    YYYY

    Required if LCMSF92 is True

    Please confirm that you have attached the amendments for previously provided agreements for this transaction

    LCMSF131

    True/False

    Required if LCMSF92 is False and must be True

    Filename(s) of the amended agreement(s)

    LCMSF226

    Filename(s) of attachment(s)

    Required if LCMSF131 is True

    At least one filename must be provided

    See Attachments

    Are there APAs/rulings provided by other jurisdictions for this transaction?

    LCMSF106

    True/False

    Mandatory question

    If False go to LCMSF107

    Which other Transaction IDs does that APA / ruling cover?

    LCMSF228

    Number

    Provide the Transaction ID of other transactions (reported in Part A) that are covered by this APA / Ruling

    Has the Reporting Entity previously provided these APAs / rulings to the ATO?

    LCMSF134

    True/False

    Required if LCMSF106 is True

    If False, go to LCMSF135

    What is the year in which the Reporting Entity previously provided these APAs/rulings?

    LCMSF136

    YYYY

    Required if LCMSF134 is True

    Please confirm that you have attached the relevant APAs/rulings for this transaction

    LCMSF135

    True/False

    Required if LCMSF134 is False and must be True

    Filename(s) of the APAs / Rulings

    LCMSF229

    Filename(s) of attachment(s)

    Required if LCMSF135 is True

    At least one filename must be provided

    See Attachments

    Please confirm that you have attached the Reporting Entity’s financial accounts for the reporting period

    LCMSF107

    True/False

    Mandatory question

    Filename(s) for the financial statements

    LCMSF230

    Filename(s) of attachment(s)

    Required if LCMSF107 is True

    At least one filename must be provided

    See Attachments

    Intermediary

    Intermediary information

    This section is only required if the form is submitted by an intermediary (for example, a tax agent) on behalf of the reporting entity.

    Table 16: Intermediary information

    Question

    Question ID

    Valid values

    Comments

    Intermediary ABN

    LCMSF2

    ABN

    Must be a valid ABN

    Intermediary name

    LCMSF3

    Name of the intermediary

    Maximum of 200 characters

    Intermediary email

    LCMSF4

    Email address

    Maximum of 200 characters

    Must be a valid email address

    Intermediary phone

    LCMSF5

    Mobile or landline

    Maximum of 16 characters

    Tax agent number (TAN)

    LCMSF6

    TAN

    Must be a valid TAN

    Intermediary declaration

    Required if the statement is submitted by an intermediary.

    Table 17: Intermediary declaration

    Question

    Question ID

    Valid values

    Comments

    Intermediary declaration statement accepted indicator

    LCMSF58

    True/False

    I declare that:

    • All of the information I have provided to the agent for the preparation of this document is to my knowledge true and correct
    • I authorise the agent to give this document to the Commissioner of Taxation.

     

    Intermediary declaration signature date

    LCMSF59

    YYYY–MM–DD

    The actual date on which the declaration is signed by the intermediary

    Intermediary declaration signatory identifier

    LCMSF60

    A user login, a full name or an email address

    Maximum of 200 characters

    Appendixes

    Appendix A: Glossary

    Table 17: Glossary

    Term

    Meaning

    Assignment

    Assignment in law or in equity, including without limitation assignment by declaration of trust

    Australian entity

    An entity which is an Australian resident for tax purposes

    Controlled transactions

    Dealings with an International related parties (IRPs)

    Debts

    Debt receivables including loan receivables

    Debt interest

    A debt interest under Division 974 of the ITAA 1997

    Equity interest

    An equity interest under Division 974 or section 820-930 of the ITAA 1997

    Foreign entity

    Any entity which is not an Australian resident for tax purposes

    International related party

    See What is an IRP and IRPD?

    Intellectual Property (IP)

    Trademark, patent, design, copyright, other intellectual property or similar property or rights

    International related party dealings (IRPD)

    See What is an IRP and IRPD?

    Ordinary shares

    Shares issued by a company carrying proportionate rights to voting and to profit and capital distributions, and carrying no special rights

    Short form exceptions list

    List of kinds of transactions, that if entered into by the Reporting Entity will mean it will not be eligible to complete the short form local file

    Relevant Agreement Series

    As described in: Local file – Part B: Guidance on providing International Related Party agreements

    Appendix B: Transaction categories

    Table 18: IRPDs in tangible property of a revenue nature

    Code

    Value

    TPRN

    Tangible property of a revenue nature

    Table 19: IRPD service arrangements

    Code

    Value

    TRS

    Treasury-related services

    MAS

    Management and administration services

    INSERV

    Insurance services

    REINSERV

    Reinsurance services

    RD

    Research and development services

    SAM

    Sales and marketing services

    SITS

    Software and IT services

    TS

    Technical services

    LS

    Logistics services

    AM

    Asset management services

    OS

    Other services

    Table 20: IRPD use rights

    Code

    Value

    RUIP

    Rights to use IP

    ORSR

    Other rights to use, supply or receive where consideration is royalty under section 6(1) of the ITAA 1936

    LF

    Licence fees

    RRP

    Rent of real property

    HLPE

    Hire or lease of plant or equipment

    LHORP

    Lease or hire of other property or rights

    Table 21: IRPD share-based employment remuneration

    Code

    Value

    SBER

    Share based employment remuneration

    Table 22: Other revenue (non-financial) IRPDs

    Code

    Value

    CCA

    Cost contribution arrangement

    ORIRPD

    Other revenue IRPDs

    Table 23: IRPD derivative transactions

    Code

    Value

    CCIRS

    Cross currency interest rate swap

    CDCSFFO

    Currency derivative (not cross currency interest rate swap), including currency swap, forward, future or option

    FFIRS

    Fixed for floating interest rate swap (not cross currency)

    OIRD

    Other interest rate derivative (not cross currency)

    CDS

    Credit default swap

    AS

    Asset swap

    CDCS

    Commodity derivative, including commodity swap, forward, future or option

    OD

    Other derivative

    Table 24: IRPD debt interests (including ordinary loans and borrowings)

    Code

    Value

    OBL

    Ordinary borrowings / loans (excluding trade financing)

    TFIN

    Trade financing

    BND

    Bonds

    PNOT

    Promissory notes

    CNTDI

    Convertible notes that are debt Interests

    CSTDI

    Convertible shares that are debt Interests

    RPSDI

    Redeemable preference shares that are debt Interests

    OKDI

    Other kinds of debt Interests

    Table 25: IRPD debt factoring or debt securitisation

    Code

    Value

    IDF

    Inward debt factoring

    ODF

    Outward debt factoring

    IDSEC

    Inward debt securitisation

    ODSEC

    Outward debt securitisation

    Table 26: Other kinds of IRPDs of a financial nature

    Code

    Value

    GILDI

    Guarantee or indemnity of liability under debt Interest

    GIOKL

    Guarantee or indemnity of other kind of liability

    IN

    Insurance

    REIN

    Reinsurance

    OFD

    Other financial dealings

    Table 27: IRPDs involving disposal or acquisition of tangible property of a non-revenue (capital) nature

    Code

    Value

    RPRT

    Real property

    PLEQ

    Plant or equipment

    OTPRTY

    Other tangible property

    Table 28: IRPDs involving disposal or acquisition of intangible property or rights of a non-revenue (capital) nature

    Code

    Value

    ASIP

    Assignment of IP

    IOSH

    Issue of ordinary shares

    AOSH

    Assignment of ordinary shares

    IEIOOS

    Issue of equity interest other than ordinary shares

    AQIOS

    Assignment of equity interest other than ordinary Shares

    ASSD

    Assignment of debts

    ASSL

    Assignment of liabilities

    ASSBC

    Assignment of benefit of contracts (excluding assignment of equity interests, debts or IP)

    ASSOPR

    Assignment of other intangible property or rights

    Table 29: Foreign Exchange IRPDs

    Code

    Value

    FCDSTTS

    Foreign currency deferred payment arrangement for sale of Tangible Trading Stock

    FCDPTTS

    Foreign currency deferred payment arrangement for purchase of Tangible Trading Stock

    FCDAPS

    Foreign currency deferred payment arrangement for provision of Services

    FCDAAS

    Foreign currency deferred payment arrangement for acquisition of Services

    FCDRRP

    Foreign currency deferred payment arrangement for rent of real property to IRP

    FCDRRPI

    Foreign currency deferred payment arrangement for rent of real property from IRP

    FCDHLP

    Foreign currency deferred payment arrangement for hire or lease of plant or equipment to IRP

    FCDHLPE

    Foreign currency deferred payment arrangement for hire or lease of plant or equipment from IRP

    FCDSBER

    Foreign currency deferred payment arrangement for share based employment recharge to IRP

    FCDSBERI

    Foreign currency deferred payment arrangement for share based employment recharge from IRP

    Appendix C: TP method / CAP method

    Table 30: Appendix C

    Code

    Value

    APPC

    Apportionment of costs

    APPI

    Apportionment of Income

    CUP

    Comparable uncontrolled price method

    CCA

    Cost-contribution arrangement

    CP

    Cost-plus method

    FMUAC

    Fixed mark-up applied to cost

    FPRP

    Fixed percentage of resale price

    MC

    Marginal costing

    PS

    Profit split method

    RPM

    Resale price method

    TNM

    Transactional net margin method

    TNMW

    Transactional net margin method (whole-of-entity)

    OTH

    Other arm's length methods

    NON

    None

    UNKT

    Unknown (transfer pricing method)

    CPR

    Cost Price

    DVAL

    Directors valuation

    DCF

    Discounted cash flow

    IVAL

    Independent valuation

    NCON

    Nil consideration

    QMRP

    Quoted market price

    WDVAL

    Written-down value

    OM

    Other methods

    UNKC

    Unknown (capital asset pricing method)

    Appendix D: TP documentation codes / STPRK options

    Table 31: Appendix D

    Code

    Value

    1

    0%

    2

    1% to less than 25%

    3

    25% to less than 50%

    4

    50% to less than 75%

    5

    75% to less than 100%

    6

    100%

    7

    Simplified transfer pricing record keeping (materiality)

    8

    Simplified transfer pricing record keeping (small taxpayers)

    9

    Simplified transfer pricing record keeping (distributors)

    10

    Simplified transfer pricing record keeping (intra-group services)

    11

    Simplified transfer pricing record keeping (management & administration services)

    12

    Simplified transfer pricing record keeping (technical services)

    13

    Simplified transfer pricing record keeping (low level loans – inbound)

    14

    Simplified transfer pricing record keeping (low level loans – outbound)

    15

    Green Zone (PCG 2017/1)

    16

    Green Zone (PCG 2017/4)

    Appendix E: Exclusion list

    Table 32: Appendix E

    Code

    Value

    STPRKIGS

    Simplified transfer pricing record keeping (intra-group services)

    STPRKMAS

    Simplified transfer pricing record keeping (management & administration services)

    STPRKTS

    Simplified transfer pricing record keeping (technical services)

    STPRKLLI

    Simplified transfer pricing record keeping (low level loans – inbound)

    STPRKLLO

    Simplified transfer pricing record keeping (low level loans – outbound)

    RUESA

    Reimbursement under Employee secondment agreements

    LVLRSA

    Low value / low risk service agreements

    LVLRSPT

    Low value / low risk sale and purchase tangible trading Stock agreements

    IOS

    Issue of ordinary shares

      Last modified: 15 Nov 2018QC 56215