Aggregate amount

For the purposes of Schedule 25A, an aggregate amount involves gross amounts of purchases and sales from international related party dealings or transactions. You cannot offset sales less purchases.

The aggregate amount of the dealings is the total amount of all dealings, whether on revenue or capital account, and includes the balance of any loans or borrowings outstanding with international related parties.

It can be summarised by labels 2a to 2f on Schedule 25A.

The aggregate amount is used to determine the $1 million threshold for Part A.

Transfer pricing case study

    Last modified: 21 Feb 2012QC 25356