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  • Diverted profits tax guidance published

    Practical Compliance Guideline (PCG) 2018/5 Diverted profits tax (DPT) and Law Companion Ruling (LCR) 2018/6 Diverted profits tax were recently published in their final form.

    The PCG aims to assist affected clients and their advisors by setting out:

    • our client engagement framework for the DPT
    • our approach to risk assessment and compliance activities where the DPT has been identified as a potential area of concern.

    The LCR aims to help affected taxpayers and their advisors understand how the DPT law will apply, and to clarify key concepts introduced by the measure.

    Following feedback received during the public consultation process, a summary of the issues raised and our responses can be found in the PCG compendium and the LCR compendium.

    The publication of the PCG and the LCR complements the administrative guidance we provided in Law Administration Practice Statement (PSLA) 2017/2 Diverted profits tax assessments.

    We encourage affected clients and their advisors to consider our suite of guidance products. The client engagement framework outlined in the PCG sets out how to engage with us if you require further certainty in relation to your arrangements.

    For more information about DPT, visit ato.gov.au/dpt

      Last modified: 26 Sep 2018QC 56840