• Item 4a

    Attention

    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 one of the following numeric codes to state the percentage of the total dollar value of related-party international dealings identified in items 2a to 2d only, for which you have written documentation supporting your processes in steps 1 and 2 (characterisation and selection) of chapter 5 of Taxation Ruling TR 98/11. Print the code at F.

    Percentage of dollar value of related-party dealings - items 2a to 2d only

    Percentage

    Code

    0%

    1

    1% to less than 25%

    2

    25% to less than 50%

    3

    50% to less than 75%

    4

    75% to less than 100%

    5

    100%

    6

    Note that the calculations need only be sufficient to allow the percentage range to be estimated or determined. However, this estimating process must be based on rational and objective premises.

    A statistical sample may be an appropriate method of calculating the relevant percentage, provided the sample selection and mathematical considerations are consistent with generally accepted statistical methods.

    Keep your working papers if you have used a sampling process to make this estimate.

    Item 4b

    Use one of the codes shown in item 4a to state the percentage of the total dollar value of related-party international dealings identified in items 2a to 2d only, for which you have written documentation supporting your processes in step 3 of chapter 5 of Taxation Ruling TR 98/11. Print the code at G.

    As in the instructions for item 4a, you need only estimate the percentage, provided the estimate is objectively and rationally determined. Use, for example, a sampling technique based on accepted statistical methods. Keep your working papers that relate to item 4b.

    Last modified: 27 Nov 2009QC 21722