International dealings schedule instructions 2022

Instructions to help companies, trusts and partnerships complete the international dealings schedule for 2022.

On this page

• About these instructions
• Introduction
• Section A: International related party dealings
• Section B: Financial arrangements
• Section C: Interests in foreign entities
• Section D: Thin capitalisation
• Section E: Financial services entities
• Section F: Miscellaneous
• Section G: Hybrid mismatches
• Section H: Taxpayer's declaration
• Appendixes
• Definitions
• More information

About these instructions

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Use these instructions to help you complete the International dealings schedule 2022. The international dealings schedule (IDS) forms part of your entity's tax return.

This publication is not a guide to income tax law. The examples presented in the instructions only illustrate how the schedule should be completed and should not be relied upon for technical guidance. If you feel that this publication does not fully cover your circumstances, you should get help from us or a recognised tax adviser.

You can also provide feedback on any difficulties you have in completing the questions in the schedule. We will use this information for future versions of the schedule. To provide this feedback, you can:

• email idsproject@ato.gov.au
• lodge a paper tax return and include a covering letter with your schedule.

What's new

We have updated the International dealings schedule 2022 by:

• simplifying reporting for other types of internally recorded dealings at question 18d by removing the requirement to report each type of other internally recorded dealings separately – now show aggregated amounts for all other types of internally recorded dealings with own branch operations at question 18d
• updating question 47 for importing payments under structured arrangements, adding new  
  • question 47a for any other offshore hybrid mismatches
  • question 47b for three most material offshore hybrid mismatches
   
• adding a new appendix 8 code 7 for 'No exemption code applies' at question 27 'Transfers to a non-resident trust', for scenarios where no exemption applies to a transfer to a non-resident trust.

Publications and services

To obtain one of our publications referred to in these instructions or for information about our other services, see More information.

We issue public rulings setting out our policies on the taxation aspects of international related party dealings. It is recommended that if you had any international related party dealings you should be familiar with these rulings. Those public rulings include:

• TR 2010/7 Income tax: the interaction of Division 820 of the Income Tax Assessment Act 1997 and the transfer pricing provisions
• TR 2014/6 Income tax: transfer pricing – the application of section 815-130 of the Income Tax Assessment Act 1997
• TR 2014/8 Income tax: transfer pricing documentation and Subdivision 284-E.

See also

• International tax for businesses
• Organisation for Economic Co-operation and Development's (OECD) Transfer pricing guidelines for multinational enterprises and tax administrations – 2017. You can buy a copy at OECD iLibraryExternal Link.